Broadcom Drops 6% in a Month: Buy, Sell or Hold the AVGO Stock?

Broadcom AVGO shares have dropped 5.8% over the past month, underperforming the broader Zacks Computer and Technology sector's drop of 5.1%. The company's shares have suffered from margin pressure from the rising AI mix, supply constraints, a concentrated AI clientele and weak non-AI business. AVGO shares have also underperformed NVIDIA NVDA, Advanced Micro Devices AMD and Skyworks SWKS over the same period. Shares of NVIDIA have dropped 5.6%, while AMD and Skyworks have declined 12.6% and 4.8%, respectively. So, what should investors do with the AVGO stock post the dip? Let us find out.