What Is Going on With Broadcom Stock on Tuesday?
Broadcom Inc. (NASDAQ: AVGO ) stock gained by more than 4% on Tuesday after Palantir Technologies Inc (NASDAQ: PLTR ) delivered a strong earnings beat and raised its guidance. Palantir’s results sparked a broader relief rally across major artificial intelligence and semiconductor stocks, lifting Broadcom along with the wider AI chip trade. The Nasdaq is up 2.41% while the S&P 500 has gained 1.21%. Palantir reported second-quarter revenue of $1.94 billion, topping analyst estimates of $1.80 billion. Adjusted earnings came in at 41 cents per share, ahead of the consensus estimate of 35 cents. Palantir expects third-quarter revenue of $2.16 billion to $2.164 billion, above estimates of $1.997 billion. The company also raised its full-year 2026 revenue guidance from a range of $7.65 billion to $7.66 billion to a new range of $8.15 billion to $8.16 billion versus estimates of $7.69 billion...
Broadcom Inc. (NASDAQ: AVGO ) stock gained by more than 4% on Tuesday after Palantir Technologies Inc (NASDAQ: PLTR ) delivered a strong earnings beat and raised its guidance. Palantir’s results sparked a broader relief rally across major artificial intelligence and semiconductor stocks, lifting Broadcom along with the wider AI chip trade. 21%.
80 billion. Adjusted earnings came in at 41 cents per share, ahead of the consensus estimate of 35 cents. 997 billion. 69 billion.
48), keeping the longer-term uptrend intact. 10), which typically supports "buy-the-dip" behavior as long as those averages hold on pullbacks. Earnings & Analyst Outlook Looking further out, the next major catalyst for the stock arrives with the September 2, 2026 (confirmed) earnings report. 68.
84% Weight Significance: Because AVGO carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock. 80 at the time of publication on Tuesday, according to Pro data. Photo via Shutterstock Read Next: Micron's AI-Fueled Surge Puts SK Hynix Under Pressure In DRAM Market Shake-Up Intel Stock Up Nearly 8%: AI Growth Narrative Trumps Foundry Capex Concerns Arm Jumps More Than 11%: Data Center Royalty Growth Drives Post-Selloff Semiconductor Rally