Broadcom Stocks Fall 4.59% as 24% Weekly Rally Cools Before Nvidia Results

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This article first appeared on GuruFocus. Broadcom (NASDAQ:AVGO) shares dropped 4.59% to $347.64 as of 9:53 a.m. ET in Friday's regular session on November 13, cooling a rally that lifted the shares 24% this week through Thursday. Thursday's 5.54% jump came as investors shifted money toward Nvidia rivals after Jensen Huang resigned. Warning! GuruFocus has detected 3 Warning Sign with AVGO. Is AVGO fairly valued? Test your thesis with our free DCF calculator.AVGO GF Value chart The move tracks the same rotation that lifted AMD. Mizuho's Farzin Azam named Broadcom as a winner from Nvidia's leadership turmoil, and Michael Burry (Trades, Portfolio)'s Substack post flagged Broadcom and AMD as potential beneficiaries if Nvidia's grip weakens.