AVGO Post-Earnings DD + Short-Term Swing Thoughts
Broadcom just reported Q3, crushed revenue expectations, and threw out a strong Q4 guide. The kicker? A rumored $10B AI chip order that got everyone hyped. After hours, the stock ran up to almost $357, which was insane, but today it opened lower and is now sitting around $332. Classic “buy the rumor, sell the news” vibe.
Why AVGO is still solid
- Revenue and earnings are strong, growth trajectory looks healthy.
- They’re moving into AI chips in a serious way — this could be a long-term tailwind.
- They’ve got a diversified portfolio: semis for data center, networking, storage — not just AI.
Even with the drop today, it’s still above pre-earnings levels, so the market isn’t completely rejecting the story.
Short-Term Swing / Chart Thoughts
- After-hours spike to $357 was likely just hype and traders taking profits today pushed it down to $332.
- On the chart, $350 is now acting as resistance.
- Support seems to be around $325–$330, which could hold if buyers step in.
- Short-term, this could be a grind between $330–$350 before the next catalyst (guidance updates, AI order clarity, or broader tech moves).
- If you’re thinking options swings, near-term calls or small bullish spreads could work if it stabilizes above $330.
Basically, the price action is telling you: hype spike over, digesting news, now let’s see if the fundamentals can hold it here. Perfect setup for a swing if you’re comfortable with some overnight risk.
TLDR
AVGO: strong earnings, AI hype, after-hours spike faded, now trading $332. Chart says short-term swing likely $330–$350 range. Long-term story is intact, short-term traders need to watch resistance at $350 and support near $330.
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