Broadcom shares edged lower in Tuesday premarket trading after falling 4.77% in the previous session, as weak risk appetite and concerns about a slower pace of advanced artificial intelligence development weighed on technology stocks. CEO Hock Tan said the debate had not changed Broadcom’s long-term AI revenue outlook, with the company projecting AI semiconductor revenue of $115 billion in fiscal 2027 and $230 billion in fiscal 2028. The stock remained below its 20-day, 50-day and 200-day simple moving averages, while the MACD (momentum indicator) remained below its signal line and its histogram was negative. Analysts hold a Buy consensus, with an average price forecast of $518.96, although Broadcom’s valuation and weak momentum remain concerns.