I'm watching $Broadcom(AVGO)$ and $NVIDIA(NVDA)$ here as both appear to have completed a clean pullback into prior demand zones. The tape feels less like distribution and more like rotation back into core AI leaders.
The timing stands out… price stabilization is happening right after visible dip absorption, and there's been talk of longer-dated positioning (2028 LEAPs) stepping in during the weakness last week.
I'm not saying this is a straight-line move, but structurally, this is often how leadership resets before the next expansion leg in a strong cycle: shakeout, reclaim, then continuation.
If AI semis remain the dominant macro theme, these are the names that typically lead on both momentum and institutional flow.
Some upside projections floating around:
$Broadcom(AVGO)$ ~500
$NVIDIA(NVDA)$ ~300
The key thing now is follow-through, not just the initial bounce.
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