Broadcom's CEO confirmed a bold forecast of over $100 billion in AI semiconductor revenue for fiscal year 2027, following a 180% revenue jump to $56 billion in 2026. The company has extended customer commitments through 2028, reflecting strong demand and a large order backlog. Despite record Q2 revenue of $22.2 billion, Broadcom's stock dropped as investors anticipated an upward revision rather than a reiteration of previous targets. The company's shares have still outperformed the Nasdaq 100 in 2026, rising over 38% year-to-date amid strong AI growth momentum.
Deutsche Bank increased its price target for Broadcom from $430 to $515 following strong earnings and optimistic AI revenue forecasts, expecting AI revenue to reach $125 billion in fiscal 2027 and $190 billion in 2028. Jefferies also raised its targe...
Broadcom's stock fell 12.99% after its Q2 earnings report showed earnings per share of $2.44, beating estimates, but revenue of $22.19 billion fell short of the expected $22.27 billion. The CEO's initial mistake during the earnings call added to inve...
Broadcom's recent Q2 earnings revealed that while AI capital expenditure returns align roughly with market expectations, increased scrutiny on AI budgets could slow Broadcom's growth pace. However, rising demand for custom AI accelerators and network...
The FTSE 100 fell 53 points to 10,297 amid mixed market signals, including Broadcom's 13% drop after its AI chip revenue outlook disappointed investors despite record earnings. CMC Markets surged to a five-year high after reporting a 20% profit incre...
Broadcom Inc. reported a 143% year-over-year surge in AI semiconductor revenue to $10.8 billion, showcasing strong margins and free cash flow. However, the stock fell after the company’s guidance of $16 billion for the next quarter fell short of bull...
