The stock rose more than 3% before the opening bell, with Nasdaq futures climbing 1.92% and broader equity markets pointing to a risk-on session.The AI Outlook That Shook InvestorsBroadcom’s recent volatility has been driven by AI revenue guidance that failed to clear Wall Street’s high bar.Although the company posted strong quarterly results, investors were disappointed that management reaffirmed, rather than raised, its long-term AI semiconductor revenue forecast of more than $100 billion by fiscal 2027. Broadcom also projected fiscal third-quarter AI revenue that was largely in line with already lofty expectations.With AI-related stocks trading at premium valuations, the lack of a stronger outlook prompted investors to lock in gains, triggering a round of profit-taking despite solid operating performance.Broadcom Technical Picture Remains ConstructiveDespite the recent decline, Broadcom remains in a longer-term uptrend. The stock still trades above its 100-day simple moving average of $363.72 and its 200-day simple moving average of $355.79.A golden cross formed in April, when the 50-day moving average crossed above the 200-day average. That signal continues to support the broader bullish trend.Shares are now trading near the 50-day simple moving average of $398.41. This level could be an important test for dip buyers.However, the stock remains about 7.1% below its 20-day simple moving average of $429.02. That gap suggests near-term momentum has weakened.The MACD remains below its signal line, with a negative histogram. This shows that buying momentum has cooled.Key resistance sits near $429.50, close to the 20-day moving average. Major support is near $324.50.Analyst Consensus & Recent ActionsThe stock carries a Buy rating with an average price forecast of $513.68. Recent analyst moves include: