$Broadcom(AVGO)$ Recession tal

$Broadcom(AVGO)$ Recession talk is just an excuse to take profits and lower AI related stocks' valuations. Earnings has not been justifying the prices. 20-30x revenues isn't cutting it anymore. Volume has been very low on all the pops. AVGO chart in textbook downtrend since June. Nikkei has been up the past two nights...what happens when it resumes to the downside? AVGO is a great company but it is still expensive...it was 90 in December.AVGO never traded at 20x revenue, let alone 30x. $1800 pre-split high was around 800 B market cap which is 16x 2024 rev.

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