peepzy
07-09 03:24

$Broadcom(AVGO)$  I like this chart. The move today looks like a breakaway gap, which suggests it's just getting started. We saw only a modest correction after the earnings gap – sellers just filled the tiny gap and left the two larger gaps below the open intact. The old ATH around 25/26 is clearly the key level to watch. If it can get through that, things could look a lot brighter.

Broadcom Gains 4.8% on Record $30B Apple Chip Deal — Will AI Orders Accelerate?
Broadcom (AVGO) rose 4.83% to $389 after Apple signed a record $30 billion chip supply deal, locking in a long-term relationship. Amid calls that "this selloff is the perfect chance to buy Nvidia and Broadcom," AVGO became a core beneficiary of the semiconductor rebound. Even after June's 15% pullback on AI capex fears, the Apple mega-deal sharply improves visibility into Broadcom's AI and custom-chip pipeline. With the largest chip order in history now secured, is the AI order story just starting to accelerate — or is the good news already priced in?
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