Broadcom Has Barely Moved in 2026. Should You Switch to AMD or Intel Now?

The post Broadcom Has Barely Moved in 2026. Should You Switch to AMD or Intel Now? appeared first on 24/7 Wall St..

• Broadcom (AVGO) up just 4% YTD despite posting 48% revenue growth and 143% AI chip revenue growth—massively underperforming AMD's 142% and Intel's 226% gains as sector rotates.
• Broadcom's lower 60x P/E ratio versus AMD's 173x and Intel's unprofitability makes it attractive, but chasing stretched multiples into recent semiconductor selloff carries risk.
• AVGO trades below $400 after falling 25% in one month; Q3 guidance for 200%+ AI growth catalyzes next test ahead of early September earnings.
• Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Broadcom didn't make the cut. Grab the names FREE today.

Shares of Broadcom (NASDAQ:AVGO) have gone almost nowhere in 2026, up just 4.15% year to date (YTD) while the rest of the AI chip complex has ripped higher. The U.S. markets are closed Friday for the Independence Day holiday, giving investors a clean moment to review the scoreboard heading into the second half.

Advanced Micro Devices (NASDAQ:AMD) stock is up 141.79% YTD, and Intel (NASDAQ:INTC) stock has surged 226.15%. Even shares of the broad iShares Semiconductor ETF (NASDAQ:SOXX) are up 85.73% YTD, so Broadcom has lagged not just AMD and Intel but the broader semiconductor sector.

That gap raises an obvious question. With Broadcom stock stalled and its rivals racing ahead, does it make sense to rotate your capital out of AVGO now?

Broadcom: Strong Numbers, Stalled Shares

Broadcom’s business is arguably firing on all cylinders. The company’s Q2 FY26 revenue hit $22.19 billion, up 48% year over year (YoY), powered by AI semiconductor revenue of $10.8 billion, up 143% YoY. Broadcom’s management then guided Q3 AI semiconductor revenue to $16 billion, implying growth of more than 200%.

Yet, Broadcom stock closed July 2 at $360, down 25% over the past month. Expectations were already elevated heading into the report, and the late-June semiconductor selloff pulled AVGO shares lower alongside Broadcom’s peers.

Insider activity hasn’t helped the tape, either. Broadcom director Henry Samueli sold a very large block of shares on June 24 at prices between $377 and $388, and CEO Hock Tan alongside other operating executives trimmed their positions earlier in April.

Still, the valuation still looks reasonable relative to the company’s growth. Broadcom trades at a P/E ratio of 59.88x, and Wall Street’s analyst target price sits at $524 from a group that skews strongly bullish.

AMD and Intel Ran on Different Fuel

Advanced Micro Devices delivered 38% YoY revenue growth last quarter, with the Data Center segment up 57% YoY on EPYC and Instinct GPU strength. CEO Lisa Su has highlighted major AI infrastructure partnerships anchored by the MI450 ramp. AMD stock now carries a P/E ratio of 172.61x, so much of that story is already priced in.

Intel stock’s rally has been even more dramatic. Under CEO Lip-Bu Tan, Q1 FY26 revenue grew 7% YoY to $13.58 billion, with Data Center and AI revenue up 22%. Intel also landed the host-CPU slot for the next generation of leading AI systems and struck a multiyear custom ASIC partnership with a major hyperscaler. The company remains unprofitable on a trailing basis, however, with EPS of -$0.60 and no meaningful trailing P/E ratio for Intel.

The Rotation Question

Both winners have cooled recently. Over the past week, AMD shares fell 3%, Intel shares dropped 9%, and the SOXX ETF slipped 9%. Chasing the biggest YTD winners into an active sector pullback carries real risk, especially at stretched multiples.

Broadcom’s franchise, meanwhile, remains sturdy. Custom AI accelerators for hyperscalers, high-performance networking silicon, and the VMware software base give the company three distinct earnings pillars that peers can’t easily replicate.

The Bottom Line

The answer is that investors shouldn’t simply chase 2026 performance. Advanced Micro Devices trades at a far richer multiple than Broadcom, Intel is unprofitable on a trailing basis, and both have already retraced in the recent semiconductor pullback. Broadcom stock has lagged this year so far, but it carries a lower P/E ratio and a genuine, revenue-generating AI franchise.

A cautious approach may be to keep your position sizes modest across all three names and let the next round of earnings sort out which story holds up. The bear case for Broadcom is that expectations remain elevated after 14 straight quarters of AI acceleration and any deceleration could hit the multiple hard. The bull case is that guidance for 200%-plus AI semiconductor revenue growth in Q3 hasn’t yet translated into the stock.

Broadcom is scheduled to report its Q3 FY26 results in early September, and that print is the next major catalyst for the AVGO thesis. Investors can watch for whether Broadcom shares reclaim the $400 level before adding, and can monitor Advanced Micro Devices and Intel shares for whether their pullbacks deepen or stabilize into that report.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Broadcom didn’t make the cut. Grab the names FREE today.

The post Broadcom Has Barely Moved in 2026. Should You Switch to AMD or Intel Now? appeared first on 24/7 Wall St..