AVGO Falls 2.67%
Broadcom Inc shares fell nearly 2.67% in Friday's session as investors took profits across AI-driven semiconductor stocks
67% in Friday’s session as investors took profits across AI-driven semiconductor stocks following the sector’s recent rally. The pullback mirrors broader weakness in AI chipmakers after Micron Technology Inc. 46 billion in revenue—yet still faced selling pressure as investors locked in gains. Micron also forecast fiscal fourth-quarter adjusted EPS of about $31, with roughly $50 billion in revenue, and highlighted multi-year customer agreements designed to make revenue and earnings more predictable.
8% in premarket trading, adding to the cautious tone and weighing on mega-cap tech and semiconductor stocks. 60), which frames the current move as a pullback inside a bigger uptrend. The 20-day SMA sitting below the 50-day SMA is a bearish near-term crossover, even as the earlier golden cross (50-day above 200-day) from April keeps the longer-term structure constructive. Earnings & Analyst Outlook Looking further out, the next major catalyst for the stock arrives with the September 3, 2026 (estimated) earnings report.
68. 51% Weight Significance: Because AVGO carries such a heavy weight in these funds, any significant inflows or outflows will likely trigger automatic buying or selling of the stock. 07 during premarket trading on Friday, according to Pro data. Read Also: Apple Seen Best Positioned To Navigate AI Memory Crunch: Analyst Photo via Shutterstock