Broadcom (NASDAQ: AVGO) has fallen to $414, a roughly 17% pullback from its peak of $498.96, with a $13.70 session loss on high volume indicating profit-taking. On the 4H chart, price is testing the main 0 retracement Fib of $405.42, which also represents the previous swing low support. RSI at 34.37 has entered oversold levels for the first time since the rally commenced. The article states there were no company news catalysts, describing the fall as a macro-driven pullback following optimism around AI infrastructure investment. The April CPI report at 3.8% headline and 4.1% core inflation has reasserted the Fed Chair Kevin Warsh "higher for longer" rates outlook, increasing multiple compression on premium tech names. Broadcom's fundamentals remain unchanged, with custom ASIC business design win visibility out to 2027, the Tomahawk and Jericho Ethernet switch families leading the AI cluster networking market, and the 2023 VMware acquisition contributing high-margin recurring software revenue. The article clarifies that Broadcom does not compete with Nvidia but plays a different part of the AI stack, with Nvidia H100 and Blackwell GPUs serving as general purpose accelerators while Broadcom provides custom ASIC chips.