AVGO market-structure snapshot

$AVGO: multi-source stock research

Broadcom Inc.

MARKET STRUCTURE

Latest close on July 31, 2026: $389.28 (+0.4% on the latest daily bar).

HMA21 / HMA55: $382.84 / $376.95. 200DMA: $365.95.

Relative volume: 0.97x the 20-day average.

Nearest support/watch zone: $379.71.

Nearest resistance/watch zone: $398.59.

Price is above the 200DMA, so the long-term trend reference is supportive.

FUNDAMENTALS AND VALUATION

Latest comparable filing period: 2026 Q2 ending 2026-05-03; filed 2026-06-09.

Comparable growth: revenue +47.9% YoY; net income -58.1% YoY; diluted EPS +85.4% YoY.

Quality and cash conversion: six-month YTD SEC free-cash-flow proxy $18.27B (+47.1% YoY).

Valuation snapshot: trailing P/E 65.0x; forward P/E 20.0x; EV/EBITDA 45.1x; P/S 24.5x.

Read-through:
• Revenue growth did not convert into net-income growth in the comparable period.
• Cash generation improved versus the comparable period.

RECENT INSTITUTIONAL RESEARCH

• 2026-07-13 — North American AI upgrade network market: The scale has doubled in one year, copper cable has been king for a long time, and CPO layout is timely (Morgan
Stanley)

Morgan Stanley updated its research report on Scale-Up Networks. The market size is expected to reach approximately US$70 billion by 2030, an increase of more than 4 times from the estimate a year ago.

The report believes that copper cable will be the first choice for short-distance interconnection in the long term due to its advantages of low power consumption and low cost.

BOTTOM LINE

The technical structure is constructive, while the latest comparable period showed revenue growth but weaker profit conversion. The next confirmation must come from both price structure and the next reported operating data—not from narrative alone.

WHAT TO WATCH

• Holding above HMA21 near $382.84 would preserve the short-term structure.
• A close below the nearby support zone around $379.71 would weaken the setup.
• Whether the next filing confirms that revenue growth is converting into net income, EPS and cash flow.
• Whether the operating milestones identified in recent institutional research become measurable disclosures.

#Stocks #Fundamentals #TechnicalAnalysis #AVGO