By Kaustubh Bagalkote
Publication Date: 2026-04-30 15:58:00
• Broadcom stock is showing upward movement. Why are AVGO shares climbing?
Hyperscaler Spending Validates AI Demand
Analysts at JPMorgan project that the top four U.S. hyperscalers will drive a $200 billion increase in data center capex by 2026.
Analysts Call AI Deceleration Narrative Dead
Daniel Newman, CEO of the Futurum Group, noted that the “AI capex is speculative” narrative is officially over. Newman stated on X, “The bull thesis just got validated. In a single afternoon.” He emphasized that real customers and real revenue are now driving this cycle.
New Wi-Fi 8 and 10G PON Chips Debut
Critical Levels To Watch for AVGO Stock
Broadcom is holding near the top of its 52-week range, sitting just under the $429.31 high. The stock is trading 6.7% above its 20-day simple moving average (SMA) and 17.5% above its 100-day SMA.
The moving average structure also stays constructive, with the 20-day SMA above the 50-day SMA and a golden cross in April (50-day SMA over the 200-day…
