Broadcom stock analysis as fundamentals and technicals diverge: is it a good buy?

Broadcom stock has remained under pressure in the past few months, even as the artificial intelligence (AI) boom has accelerated. It has slumped from a record high of $492 to the current $354, with its market capitalization falling from $2.29 trillion to the current $1.69 trillion. Technicals suggest that the stock may drop further in the near term. Broadcom shares have fallen despite strong growth AVGO stock has dipped since June, even as the company continued doing well amid the ongoing artificial intelligence (AI) boom. This boom has helped it make some big announcements with some of the top players in the sector. It reached a 10 GW deal with OpenAI worth about $300 billion. This deal will see it…