AVGO is the weakest/slowest mover in the AI group; price remains significantly below all-time highs.
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This is the weakest and slowest moving among all 13 AI companies. I identified a buying zone here at 337, and we've only gone up $20. The price is 354 now. That's approximately $20.
Let's examine what you do in post-closing transactions. It might move. Yes, it rose another dollar in after-hours trading . But it is still far from its record levels. Let's see how far it is from the top.
Well, in order to return to its all-time highs, it needs to rise by 41%. No, it's not bad. So, even if things sometimes seem cheap, that doesn't mean they're a good buy. You could make 40% on this stock, but it might remain volatile here for some time or simply return to this range at 413.
I still own Broadcom shares, but they are the smallest of all my financial positions in the Group of 13. Thank goodness for that. Distributing quotas is important.
What this channel has said about $AVGO
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