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Broadcom Is Eschewing Acquisitions in Favor of AI Organic Growth
Hock Tan Photographer: David Paul Morris/Bloomberg
Why we're raising our price target on Broadcom despite its post-earnings sell-off
Broadcom posted strong quarterly results after the bell on Wednesday, but didn't provide enough upside to its guidance to move the stock higher. Revenue in the fiscal second quarter of 2026, which ended May 3rd, was $22.19 billion, a slight miss versus the $22.27 billion consensus forecast, according to estimates compiled by LSEG. On an annual basis, revenue rose 48%.
Jim Cramer sees an opportunity in Broadcom's 15% plunge, with one key caveat
Don't let Broadcom's 15% post-earnings drop on Thursday fool you, says Jim Cramer: You want to own it. "Every time there's been this kind of huge break in the stock, you have to buy it," Jim said on 'Squawk on the Street' Thursday. However, Jim advised investors to wait a day or two to let all the sellers be flushed out and give the stock a chance to stabilize.
AI giant Broadcom sheds $300bn in market value as outlook misses sky-high expectations
The American chipmaker Broadcom reported a 48% revenue surge and AI semiconductor sales up 143%, but its refusal to raise its long-term sales target sent shares tumbling more than 12% in after-hours trading. Broadcom's second-quarter results were, by almost any standard measure, exceptional. Revenue climbed 48% year-on-year to a record $22.2 billion (€19.1bn), AI chip sales more than doubled, and adjusted earnings per share rose 54% to $2.44, comfortably beating consensus estimates.
Here are the 4 big things we're watching in the stock market in the week ahead
Earnings season isn't over just yet. Plus, there are plenty of other important updates coming our way this week, from influential tech conferences to jobs data and spin-off milestones. Let's dive into it all.
Broadcom stock slip on revenue miss
Broadcom reported weaker-than-expected revenue in its fiscal second-quarter earnings report. The stock slid in extended trading. Here's how the chipmaker did versus LSEG consensus estimates: - Earnings per share: $2.44, adjusted, versus $2.40 estimated - Revenue: $22.19 billion versus $22.27 billion estimated Revenue climbed 48% from $15 billion in the same quarter a year earlier, Broadcom said in a statement.
The tech that could make Marvell the next trillion dollar company
The sun is slowly but surely setting on copper interconnects, Marvell CEO Matt Murphy claimed in his Computex keynote this week. Within the next decade the IP house expects photons to take the place of electrons and change the way datacenters are built and run in the process. And, if Nvidia CEO Jensen Huang is right, the widespread transition to silicon photonics technologies could make Marvell the next trillion dollar company.
Broadcom's second-quarter revenue misses estimates as competition bites
Broadcom's second-quarter revenue misses estimates as competition bites June 3 : Broadcom missed Wall Street expectations for second-quarter revenue on Wednesday, as increased competition in the custom semiconductor market hurt gains from its AI chips, sending its shares down more than 11 per cent in extended trading. Second-quarter revenue came in at $22.19 billion, missing estimates of $22.27 billion, as Broadcom races with Nvidia whose dominant graphics processing units remain the...
Jim Cramer's top 10 things to watch in the stock market Thursday
My top 10 things to watch Thursday, June 4 1. The S & P 500 is headed for a lower open, led by a decline in chip stocks after Broadcom failed to raise guidance enough. The Club stock is sinking 15% this morning.
Broadcom forecasts quarterly revenue above estimates on strong AI chip demand
Broadcom forecasts quarterly revenue above estimates on strong AI chip demand (Corrects to say adjusted profit beat estimates, not trailed, in paragraph 7) June 3 : Broadcom forecast third-quarter revenue above Wall Street expectations on Wednesday, betting on robust demand for its custom AI chips and networking gear. However, shares of the Palo Alto, California-based company fell more than 2 per cent in extended trading.