$AVGO

Broadcom reported a 221% surge in AI chip sales to $16.7 billion last quarter, with overall revenue up 86% and EPS up 96%. The company expects Q4 revenue of $34.8 billion, slightly below analyst estimates. Despite strong growth, the stock has underperformed in 2026. Key clients include Alphabet, Meta, and OpenAI.

Broadcom (AVGO) is seen by analysts as having nearly 40% upside, with an average price target of $509.11. The company reported AI semiconductor revenue of $10.8 billion in Q2, up 143% YoY, and guided Q3 AI revenue to about $16 billion. Broadcom's AI backlog topped $30 billion, supported by long-term deals with Google, Anthropic, and Meta. The stock trades near $370, about 25% below its 52-week high of $495, and carries a Strong Buy consensus rating.

Broadcom Inc. (AVGO) and Super Micro Computer Inc. (SMCI) are partnering to integrate their AI factory management technologies, combining VMware's software-defined layer with Supermicro's hardware management suite. The collaboration aims to simplify AI infrastructure deployment for enterprises and cloud providers, offering a unified solution for storage, compute, and AI applications. According to Supermicro, the partnership provides a turnkey solution for enterprises seeking GPU capacity and val

Broadcom CEO Hock Tan projected $230B in AI semiconductor revenue for fiscal 2028, up from $58B expected this year. The 2027 target increased to $115B, with supply secured for both years. Q3 2026 revenue rose 86% YoY to $29.6B, with net income tripling to $13.1B. The company aims to nearly double AI revenue in each of the next two years.

Stock markets rallied and bond yields fell on Thursday after Fed Governor Christopher Waller suggested patience on rate hikes. The Japanese yen surged 2% on BOJ rate hike expectations. Broadcom shares dropped 2.7% due to weaker revenue forecasts. U.S. economic data showed a stable jobs market, with Friday's jobs report awaited. The Dow, S&P 500, and Nasdaq all rose.

US stocks rose 1%+ on Thursday as Fed Governor Waller's remarks eased rate hike fears. Nasdaq led gains, boosted by AI-related megacap stocks. Nvidia gained 1.8% on a $12.9B acquisition, while Broadcom dropped 2.7% on weak forecasts. Snowflake surged 16.6% after strong revenue guidance. Crypto-linked stocks rose with bitcoin's rebound.

Hewlett Packard Enterprise (HPE), Broadcom (AVGO), and Dell Technologies reported strong quarterly results driven by AI infrastructure demand. HPE posted $12.2B revenue, up 34% YoY, and raised FY26-FY27 outlooks. AVGO reported $29.6B revenue, up 86% YoY, with AI semiconductor revenue surging 221% YoY. DELL saw $47B revenue, up 58% YoY, with AI server orders reaching $60.9B and backlog at $95B. All companies raised guidance, reflecting robust AI demand.

Broadcom Inc. reported Q3 revenue growth of 86%, with AI semiconductor revenue up 221% year over year. Despite strong free cash flow and margins, shares fell due to a 4Q revenue forecast below consensus and cautious software growth outlook. Management expects AI revenue to reach $58B by FY2026 and double annually through FY2028.

U.S. stocks rose on Thursday, with the Dow up 1.2%, S&P 500 up 1.1%, and Nasdaq up 1.4%, as Treasury yields eased and Fed rate-hike bets pulled back. Tesla gained 5.4% ahead of its Cybercab event, Nvidia rose 1.8% on its $12.9B acquisition of Hugging Face, and Snowflake surged 16.6% after earnings. Broadcom fell 2.7% on weaker guidance, and Campbell's dropped 7% after cutting its dividend.

Major US companies, including Micron Technology, Vanguard, and financial firms like Goldman Sachs and JPMorgan Chase, are contributing to Trump Accounts, a tax-advantaged child investment program. Eligible children born between 2025 and 2028 receive a $1,000 federal contribution, with employers and others adding funds. Micron committed $250 million, while other firms announced various matching programs and contributions.