Apr. 7 at 4:30 PM
$AVGO x
$GOOG just locked in a long-term custom AI chip deal — TPUs, ASICs, the full stack. This is Broadcom printing future revenue.
$AVGO AI rev hit
$12.2B in FY24, SAM projected
$60-90B by FY27 from just 3 hyperscalers. Stock at
$314.43, below all key MAs (SMA20
$319.77, SMA50
$324.62). RSI 47 — not overbought, room to run if sentiment flips.
$GOOGL popping 1.43% to
$299.99, reclaiming SMA20
$297.67. Deepening custom silicon = less
$NVDA dependency. Strategic.
Watch
$AVGO for reclaim of
$319.77 SMA20 as confirmation.
$GOOGL holding above SMA20 is constructive. Both names deserve a spot on the AI watchlist 👀
#AI #Semiconductors #AVGO