Broadcom earnings preview: can it emulate NVIDIA’s achievement with AI?
While not in the same league as NVIDIA, Broadcom’s Q2 numbers after the market close may hold a pleasant surprise for investors. The street anticipates earnings of $10.12 per share on revenue of $8.7 billion.
After NVIDIA's earnings report last week and its market capitalisation reaching $1 trillion, investors now look at every semiconductor maker and whether it could benefit from the AI boom.
According to some analysts, Broadcom is underestimated among its peers. Its networking segment is said to present significant opportunities in the AI space.
Like other chip makers, Broadcom stock jumped in the past few days, taking it to an all-time high.
(Video Transcript)
Broadcom numbers
In the US, another chip maker is due to report numbers. This is Broadcom, due to report second quarter (Q2) numbers at the close this evening. The street anticipates earnings of $10.12 per share on revenues of $8.7 billion.
Now after NVIDIA's earnings report last week and its market capitalisation reaching $1 trillion, investors are now looking at how every semiconductor maker could benefit from the AI boom. According to some analysts Broadcom is underestimated amongst its peers. Its networking segment is said to present significant opportunities in the AI space. Now this stock does not trade all-sessions on the IG platform.
Chart
You've only got to look at one snapshot of where we've been. Like other chipmakers, Broadcom stock jumping in the past few days, taking it to an all time high, a little bit of money taken off the table in the last couple of days. It'll open today's cash session at $806.98. It reports after the bell this evening, watching for Broadcom to see if it can emulate what's been happening with NVIDIA.
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