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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%.
Why we're not discouraged by CrowdStrike and Broadcom selling. Context is everything
There is no denying that waking up Thursday morning to the post-earnings declines in CrowdStrike and Broadcom is painful. It was also painful to see a similar sell-off in Palo Alto Networks in the prior session. In fact, Palo Alto stock is now riding a three-session losing streak.
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.
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.
We're right-sizing our position in an AI stock after its impressive run this year
Shortly after the opening bell, we will sell 40 shares of Broadcom at roughly $486. Following the trade, Jim Cramer's Charitable Trust will own 325 shares, decreasing its weighting to 3.75% from about 4.2%. Broadcom shares are up about 6% in pre-market trading on Tuesday, extending a run of new record highs, in reaction to Alphabet announcing an $80 billion equity raise on Monday to "fund investments in its world-class AI compute infrastructure to meet its unprecedented customer demand."
Historic stock rally faces key test
The S&P 500 has rallied nearly 20% in the last nine weeks, an historic surge that has made even the most bullish investors blush. And while its nine-day winning streak appears at risk, two key tech companies reporting earnings after the bell could determine the next move higher or lower: Broadcom, the chipmaking giant that doubles as a software provider, and Crowdstrike, a cybersecurity leader that's helping lift cloud stocks out of a bear market. At more than $2 trillion, Broadcom is now...