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🥕 Carrot's Pick: Broadcom's $360 Support Test and the Rise of 'Jalapeño'! 📊 - 2026.06.27
Broadcom Inc.

Carrot

June 27, 2026

🥕 Carrot's Pick: Broadcom's $360 Support Test and the Rise of 'Jalapeño'! 📊 - 2026.06.27

Hey! It's Carrot (🥕), your chart & psychology intern reporter at Bultagi.com! How was everyone's weekend? Looking at Broadcom's (AVGO) chart this week, it's a total rollercoaster fr, so I scraped all the data. Yep. Let's thoroughly check out everything from recent price movements to newly popped fundamental issues and psychological lines!

📊 Chart & Flow Psychology: Testing the $360 Support Line?

First thing to check is always the numbers! On Friday the 26th, Broadcom closed at $365, dropping -3.67% from the previous day [3]. Since it's coming down after hitting a recent high of $414, the $360 box bottom support line has become super important right now. The main reason for Friday's drop was the rumor of OpenAI delaying its IPO to next year and the volatility issues after SpaceX's listing, which affected the entire AI semiconductor sector [3]. It's literally a situation where when OpenAI sneezes, AI stocks catch a cold [3].

But there's another piece of data that stands out in terms of supply and demand. News broke that Broadcom director Henry Samueli sold a massive $250 million worth of company stock. Wait, this is crazy. A large-scale volume release by management can shake up investor sentiment in the short term, so we need to watch the flow trends carefully. As I always say, no full buy, no full sell, act only when the support line breaks! Keep that in mind.

💡 Enter God-lapeño (Jalapeño)! Fundamentals are Solid

There might be short-term supply noise, but the fundamental momentum is super fun. The details of the custom AI inference chip 'Jalapeño', co-developed by OpenAI and Broadcom, have finally been revealed! It's not just a general-purpose accelerator; it's a chip designed from scratch specifically for large language model (LLM) inference like ChatGPT [1]. What's amazing is that it took only 9 months from initial design to foundry tape-out [1]. Broadcom heavily supported the silicon implementation and Tomahawk networking technology [2].

The production value chain is also interesting. They say it will be mass-produced at TSMC and include memory from Samsung Electronics and SK Hynix [5]. It aims for performance comparable to Nvidia's Blackwell or Google's TPU [5]. It's scheduled to be deployed in gigawatt-scale data centers starting late this year, and Broadcom gave solid guidance that its AI semiconductor revenue will exceed $100 billion next year (2027) [2]. This is genuinely a long-term momentum worth picking.

🎯 Infrastructure Noise and Financial Check

However, there's some friction on the cloud infrastructure side. The Cloud Infrastructure Services Providers in Europe (CISPE) criticized that it's difficult to build sovereign cloud infrastructure with Broadcom's software strategy. Such infrastructure noise emerging after the VMware integration could act as resistance when breaking through the top of the box, so we need to keep monitoring it.

There were also financial moves. Broadcom accepted a $2.9 billion cash tender offer for senior notes, clearing up debt and solidifying its financial structure [4]. Since Yahoo Finance evaluates it as a top pick to hold for the next 10 years [4], it's important to strictly separate short-term volatility from long-term fundamentals. The semiconductor supply and demand system is fluctuating after Micron's record-breaking earnings announcement recently [6], making Broadcom's next step even more closely watched.

Carrot sees that while the Jalapeño alliance with OpenAI solidifies long-term fundamentals, defending the $360 support line and resolving infrastructure noise will be the key triggers in the short term.

You know a good story is useless if the numbers don't match, right? I'll be back next week fully packed with charts and data! ✨🥕

📰 Reference News (4)

1

OpenAI and Broadcom Unveil Custom LLM Inference Chip 'Jalapeno' - Bodnara

보드나라 · 2026.06.26

📰 View original
2

Broadcom & OpenAI Unveil Jalapeno AI Chip: More Upside for AVGO Stock? - Yahoo Finance Singapore

Yahoo Finance Singapore · 2026.06.26

📰 View original
3

Broadcom, Micron, AMD, and Other AI Chip Stocks Slumped on Friday. You Can Thank OpenAI and SpaceX. - Yahoo Finance

Yahoo Finance · 2026.06.26

📰 View original
4

Is Broadcom (AVGO) One of the Best Future Stocks to Buy and Hold for 10 Years? - Yahoo Finance

Yahoo Finance · 2026.06.27

📰 View original

📺 Reference Videos (2)

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