---
symbol: "AVGO"
name: "Broadcom"
date: 2026-10-22
change_pct: -3.382057048171384
direction: "down"
event_type: "sector_sympathy"
url: "https://perplo.app/why/AVGO/2026-10-22"
updated_at: 2026-10-22T13:07:14.860Z
---

# Why Broadcom (AVGO) fell 3.38% on October 22, 2026

Broadcom (AVGO) fell 3.38% on October 22, 2026 — AI compute selloff pulls Broadcom lower.

## What happened

Broadcom fell 3.4% in a broad tech selloff, with the FTC subpoenas to OpenAI and Anthropic adding to the pressure.

## Why it moved

Broadcom's custom-silicon business depends on hyperscalers and AI labs, so antitrust scrutiny of those players raises questions about future ASIC orders.

## Why it matters

Broadcom is an AI Compute theme name, where hyperscaler GPU buildouts carried the rally. The theme now faces custom-chip threats and capex doubts, and Broadcom's custom ASIC business is part of that debate.

## What would break the thesis

If hyperscaler custom-chip commitments hold up, the selloff is sentiment-driven and reversible. A cut in those orders, or a regulatory case that targets AI partnerships, would invalidate the thesis.

## Sources

- [Trump’s FTC Subpoenas OpenAI and Anthropic. Inside the $500 Billion Threat Faced by Microsoft, Amazon, and Google](https://finnhub.io/api/news?id=d2f13b36616f1cedc53c7ffd3f32d14c4768a2cb3a23fd85100c5d1232a76f74) — Yahoo

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