AVGO Stock Forecast: 364.03 Steadies After the 432 Slide
- Broadcom trades at 364.03, up 0.43% on the day after a narrow 362.50 to 366.15 session range.
- AI semiconductor revenue is guided to $16.0 billion this quarter, more than 200% higher year on year, with results due on 2 September 2026.
- The 387.02 moving average is the level that decides the next move; price has to clear it to repair the mid-August break.
Fundamental Analysis: AVGO
The scale of the AI business is the story. In the second quarter of fiscal 2026, reported on 3 June, Broadcom generated revenue of $22.187 billion, up 48% year on year, of which AI semiconductor revenue was $10.8 billion, a 143% increase. Infrastructure software added $7.178 billion, up 9%, and adjusted EBITDA reached $15.244 billion, or 69% of revenue. Management guided the third quarter to roughly $29.4 billion, implying 84% growth, with AI semiconductor revenue reaching $16.0 billion.
The counterweight is concentration and calendar. Guidance of that magnitude leaves no room for a supply slip or a single customer deferring an order, and the company reports on 2 September, which means the current price is a two-week bet on an unusually demanding number. The mid-August slide from roughly 432 suggests some holders decided not to carry that risk into the print.
The balance is a business whose fundamentals are, on the reported evidence, accelerating faster than almost any comparable large-cap, trading at a price that has just corrected roughly 16% from its high. Whether that correction was positioning or foresight is the question the September report settles. Until then the shares are unlikely to establish a durable trend in either direction.
Technical Analysis: AVGO
The chart shows a clean uptrend that broke. Price ran to roughly 432 in the middle of August, then fell in two heavy sessions on 19 and 20 August to a low near 358, cutting through every moving average on the way. Price has since stabilised in the 362 to 366 area, with the averages now bunched overhead at 387.02, 389.20, 393.76 and 394.16 — a wall rather than a series of steps.
Resistance is the 387.02 average, then the 393.76 to 394.16 cluster where recovery attempts are most likely to fail. Support is the 362.50 session low, then the 358 spike low from the sell-off. A four-hour close beneath 358 would confirm the break and leave the chart without structure until the low 340s.
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