Bank of America adjusts Broadcom price target after Q2 earnings trigger 12.6% stock drop

Broadcom (AVGO) stock dropped 12.59% on June 4 following the release of its Q2 FY26 earnings report, losing approximately $280 billion in market value. Despite the sharp decline, the stock remains up 21.04% year-to-date as of June 5, outperforming the S&P 500's 11.02% gain. Bank