Broadcom (AVGO) stock price drops nearly 2% as chip shares slide ahead of Apple earnings
NEW YORK, Jan 29, 2026, 10:29 EST — Regular session
- Broadcom shares slipped roughly 2% in early trading, with chip ETFs and major rivals also slipping.
- Investors weigh Big Tech’s AI spending against the Fed’s decision to keep rates elevated for an extended period
- Apple’s earnings, due after the close, will be a key update for one of Broadcom’s biggest customers
Broadcom shares dropped 1.9% to $326.92 by 10:13 a.m. EST, following a close at $333.24 on Wednesday, as the semiconductor sector weakened. Nvidia slipped 1.3%, Marvell Technology declined around 4%, and two major chip ETFs fell close to 1.6%.
The decline unfolded amid a choppy start on Wall Street, where investors digested mega-cap earnings…
