Broadcom's stock price has shown growth over the past month and year, which is a positive sign. However, its lower P/E ratio compared to the industry average could be interpreted in two ways. It could suggest that the stock is undervalued, which would be a positive for potential investors. On the other hand, it could also mean that shareholders do not expect the stock to perform better in the future, which could be a negative sign. Therefore, the short-term impact on the stock price is neutral.