Broadcom Falls Back to Its 52-Week Low of $292.40

Broadcom has returned to $292.40, the same floor it touched on March 30, erasing the rebound and leaving the stock technically precarious for the rest of the year.

The decline hits hardest for investors who entered the AI semiconductor trade near the peak. The stock cleared $445 in May, so anyone buying near that high is down roughly a third with the shares back at the annual low.

The size of the company sharpens the damage: Broadcom was valued at $1.4 trillion at its peak, making this drawdown one of the larger wealth destructions in the chip sector over the stretch covered by the 52-week range.

With $292.40 now appearing twice as a stopping point, that level carries added weight for traders watching for a breakdown or a third recovery attempt. A close beneath the prior low would mark a fresh annual floor and invite additional selling from investors who have held through the decline.