Broadcom Inc (AVGO · NASDAQ)

Broadcom shares fell 4.3% to $323.24, extending a slide that has taken the stock down 12.6% over three months and left it 32.6% below its 52-week high, with RSI at 34 and trading below all key moving averages. The selling comes despite strong fundamentals: quarterly revenue climbed from $18.02B to $29.59B over the past four quarters, revenue grew 85.5% YoY, and the company beat estimates in all of its last four earnings reports, including $3.03 versus $2.83 expected in the July quarter. Margins and cash generation remain robust at 75.5% gross, 54.3% operating, and $13.66B in quarterly free cash flow, while leverage is modest at 1.1x debt/EBITDA against $23.98B in cash. The stock trades at a 43.14 P/E with an analyst target of $527.59, well above the current price.