Broadcom Inc. (NASDAQ:AVGO) stock was down about 2% on Friday as investors trimmed exposure to large-cap semiconductor stocks despite a broadly positive market.The Nasdaq slipped 0.17%, while the S&P 500 gained 0.61%. The Technology sector fell 0.2%, making it the day’s weakest-performing sector and leaving Broadcom underperforming both its peers and the broader market.Technical AnalysisBroadcom remains in a long-term uptrend. The stock has gained 33.25% over the past 12 months.However, the intermediate trend has weakened. Shares are trading 3.5% below the 50-day simple moving average of $399.40 but remain 5.6% above the 200-day simple moving average of $364.94. That setup often signals consolidation after a strong rally.Momentum also remains neutral. The relative strength index stands at 48.68, indicating neither buyers nor sellers have a clear advantage.The 20-day moving average remains below the 50-day moving average, a bearish short-term signal. However, the 50-day moving average remains above the 200-day moving average, preserving the longer-term bullish trend.Traders may watch resistance near $414.50. Initial support sits around $370.50.Earnings And Analyst OutlookThe company’s next earnings report is expected on Sept. 3, 2026.Wall Street expects earnings of $3.16 per share, up from $1.69 a year earlier. Revenue is projected to reach $29.44 billion, compared with $15.95 billion last year.Broadcom trades at about 65.3 times earnings. Analysts maintain a consensus Buy rating with an average price forecast of $513.68. Recent analyst actions include: