Broadcom Chairman Harry You Buys 1,000 Shares After AI Guidance Sell-Off
Updated
Updated · CNBC · Jun 16
Broadcom Chairman Harry You Buys 1,000 Shares After AI Guidance Sell-Off
3 articles · Updated · CNBC · Jun 16
Summary
Harry You bought 1,000 Broadcom shares at $373.57 each last Thursday, a filing disclosed Monday showed, offering an early insider vote of confidence after the stock's post-earnings slide.
Broadcom shares have fallen about $100 from their June 2 high after investors reacted to the company's conservative AI guidance earlier this month.
The purchase is worth less than $1 million, limiting its immediate impact, but it fits a pattern investors watch for when Broadcom faces sharp declines.
That pattern included a $10 billion buyback authorization on April 7, 2025, when CEO Hock Tan signaled support after tariff-driven market turmoil; Broadcom shares have doubled since then.