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Broadcom Stock Just Bounced After One of Its Sharpest Declines in a Decade. Is the Stock a Buy Now?
The last time Broadcom's stock dropped this much was in 2020. Since then, it has risen over 800%.
It's normal when the stock market goes down, but it can be scary when it happens quickly. Look no further than the past couple of weeks. The Trump Administration's tariff announcement and ongoing posturing with other countries has sent stocks tumbling to some dramatic declines.
Broadcom (NASDAQ: AVGO) slid nearly 40% off its late-2024 highs, its sharpest decline in the past 10 years outside the time the market crashed at the onset of COVID-19 in early 2020. Now, the stock has bounced off its recent low. Should investors buy Broadcom now?
Here is what you need to know.
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