Broadcom Jumps 3.5% on $21.7 Billion AI Chip Revenue Forecast
Broadcom projected fourth-quarter AI semiconductor revenue of $21.7 billion, an increase of $5 billion from the previous quarter. Shares rose approximately 3.5% to $355.53.
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Gary Black says Broadcom is cheaper than Magnificent Seven stocks
Future Fund’s Gary Black said Broadcom trades at a lower valuation than the Magnificent Seven after its post-earnings drop. He called AVGO the cheapest of the “Mag 8” on 2026 P/E versus long-term EPS growth at 0.9x.
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