$Broadcom(AVGO)$ endured a textbook institutional shakeout, dropping 22% over five days before stabilizing. Since the low, repeated long lower wicks, rising lows, and a tight $340 to $355 range signal accumulation rather than distribution. RSI reset from overbought to the low-40s reflects healthy cooling, now turning higher. With no change to AI demand or fundamentals, the shakeout appears to be ending as real buyers step back in.
$Broadcom(AVGO)$ currently holds the most optimistic price projection among its peers when compared to $Micron Technology(MU)$ , $Oracle(ORCL)$ , and NVDA. Some analysts suggest the current valuation band appears compelling for investors with appropriate risk appetite.