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Broadcom stock may drop to $300 by August 2026 if key support fails, despite strong Q2 results.

Technical Signals
18 Jul 2026
Finbold
View Source
Bearish
pluang ai news

Broadcom's stock faces potential decline to around $300 by late August or early September 2026 if it breaks below its 200-day moving average, a critical support level. The stock recently failed to regain momentum after rejecting its long-term ascending trendline and 50-day moving average, signaling bearish technical pressure. However, this bearish outlook contrasts with Broadcom's strong fiscal Q2 2026 performance, including record revenue growth driven by AI semiconductor demand and robust earnings. Investors should watch for a decisive close below the 200-day moving average, which could trigger accelerated selling toward multi-month support near $285-$300.

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