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What's Going On With Broadcom Stock Thursday? - Broadcom (NASDAQ:AVGO)
- Thursday Broadcom Inc shares dipped as the company prepared to release fiscal fourth-quarter results after the U.S. market close, with intraday price $405.23 and volume 18.3 million shares.
- Investors are cautious ahead of the report, awaiting clarity on AI revenue growth trajectory and fiscal 2026 guidance; the pullback also reflects profit-taking after the recent rally and a weak earnings reaction at Oracle.
- CEO Hock Tan highlighted that AI revenue surged 63% to $5.2 billion in Q3, with projections of $6.2 billion for Q4 and operating cash flow of $7.17 billion.
- Extended trading reacted, with shares rising over 2% after the firm projected first-quarter revenue above estimates, and Broadcom's market cap of $1.91 trillion influences investor focus.
- JPMorgan's Harlan Sur projects $20-21B+ in AI revenues for FY25 and $50B+ for FY26, while UBS and Jefferies expect strong custom-chip growth but warn of margin pressure and valuation risks.
Insights by Ground AI
13 Articles
13 Articles
Broadcom (AVGO) Q4 Earnings Coverage
Live Updates Broadcom Shares Down 3% Thursday After Oracle's Earnings Disappoint 19 minutes ago Live Broadcom (Nasdaq: AVGO) reports earnings after the bell tonight, but shares are already on the move this morning. As of 10:15 a.m. ET, shares are down a little more than 3%. Let’s look at why investors are selling off Broadcom shares before it reports earnings today. 1.) Oracle Leads to Tech Sell-Off The biggest st…
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Coverage Details
Total News Sources13
Leaning Left0Leaning Right2Center5Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
C 71%
R 29%
Factuality
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