Broadcom shares slip from $380 toward $350 on Microsoft chip and China reports

Broadcom shares reversed from a $380 resistance zone and moved toward $350 on October 12, 2026, trading around $357 at the time of the FX Leaders report. The article ties the move to reports of Microsoft's Maia 300 chip, which reportedly targets 40% more tokens per megawatt than leading GPU systems, and to Chinese DRAM progress at CXMT. It also cites concern about debt-financed AI infrastructure spending. These are reported factors, not confirmed company news, and no percentage move is given.

• Shares reversed from a $380 resistance zone toward $350, around $357 at the time of the report
• Cited causes: reported Microsoft Maia 300 performance claims and CXMT DRAM progress
• Also cited: concern about debt-financed AI infrastructure spending
• The Maia 300 performance claim is unattributed in the article