Broadcom Fell 24%. The AI Revenue Didn't
(AVGO) shed ~24% from its 52-week high to $314.56, but AI chip revenue hit $8.4B in Q1 FY26 (+77% YoY) with Q2 guided to $10.7B. The stock repriced. The business didn't. Estimate revision momentum is exceptional: 35 analysts revised EPS upward in the last 30 days, zero revised downward. Next year E…
Published: 2026-04-06 by GNG Research
Tickers: AVGO, NVDA, AMD, MRVL
The correction came fast. Broadcom ( AVGO ) shed roughly 24% from its 52-week high of $414.61, landing at $314.56 as of early April 2026. The technical picture is not pretty: below the 50-day and 200-day moving averages, RSI hovering near 47, and a formal downtrend label from most systematic screens. For investors who run a pure value process, none of that is surprising. The stock was expensive when it peaked, and it's still not statistically cheap. A strict discount-to-fair-value framework can stay cautious here and defend that call without breaking a sweat.
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