--- title: "Weekly Recap | Broadcom -2.95%, AI revenue surges" type: "News" locale: "en" url: "https://longbridge.com/en/news/298095638.md" description: "Broadcom (AVGO) fell 2.95% this week to close at $357.895, while the S&P 500 inched up 0.09%, leaving the stock about 3.04 percentage points behind the benchmark. The week swung sharply, with an 8.23% amplitude. Monday to Wednesday held a narrow range between roughly $364 and $373 before the stock gapped lower on Thursday, touching a weekly low of $342.331 on volume of 60.2m shares. Friday stabilised at $357.895. Average daily volume of about 34." datetime: "2026-09-05T06:11:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298095638.md) - [en](https://longbridge.com/en/news/298095638.md) - [zh-HK](https://longbridge.com/zh-HK/news/298095638.md) generator: "portal-rs" --- # Weekly Recap | Broadcom -2.95%, AI revenue surges ## The Week Broadcom (AVGO) fell 2.95% this week to close at $357.895, while the S&P 500 inched up 0.09%, leaving the stock about 3.04 percentage points behind the benchmark. The week swung sharply, with an 8.23% amplitude. Monday to Wednesday held a narrow range between roughly $364 and $373 before the stock gapped lower on Thursday, touching a weekly low of $342.331 on volume of 60.2m shares. Friday stabilised at $357.895. Average daily volume of about 34.6m shares ran nearly 60% above the median, pointing to wider disagreement among traders. ## Key Events Before Thursday’s open, Broadcom reported Q3 results with AI revenue up 221% year on year and profit roughly tripling, alongside guidance for a steep ramp in AI revenue ahead. Despite the strong print, the stock fell almost 6% intraday on Thursday, with attention shifting to softer Q4 guidance. DA Davidson and BofA trimmed their price targets on the same day; DA Davidson cut its target to $350, adding to intraday pressure. On Friday the semiconductor group rebounded broadly—CBRS, MRVL and AMD all gained—and AVGO steadied, but still finished the week below its pre-earnings level. ## Analyst Ratings Across 52 brokers covering Broadcom, 39 rate it buy and 7 rate it overweight, with 3 hold and 3 no opinion; none rate it underweight or sell. The consensus rating is strong buy. The consensus price target sits at $533.4087, roughly 49.04% above the latest close. Targets range from $215.880 to $715.000, a wide spread that reflects divided views on valuation. Among 77 semiconductor names, Broadcom ranks 4th by coverage breadth. ## The Week Ahead A run of US data arrives in the coming days. The NFIB small-business optimism index lands on 8 September, followed on 10 September by initial jobless claims, PPI, existing-home sales and wholesale sales. The 10-year Treasury auction’s yield and bid-to-cover ratio will also frame rate expectations. For Broadcom, the key question is whether its AI revenue guidance can regain market premium, and how macro data shapes sentiment across the semiconductor complex. ## In Short This week crystallised a tension between fundamentals and price action: AI revenue and profit surged, and the consensus rating remains strong buy with a target about 49% above spot, yet the stock lagged the S&P 500 by roughly 3 percentage points and the latest session’s large-lot money was net selling. Valuation is rich at about 44.5x earnings and 17.1x book. The watchpoints ahead are whether AI guidance can reclaim a premium, and how macro prints transmit into chip-sector sentiment. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [AVGO.US](https://longbridge.com/en/quote/AVGO.US.md) - [AVL.US](https://longbridge.com/en/quote/AVL.US.md) - [AVGX.US](https://longbridge.com/en/quote/AVGX.US.md) - [AVS.US](https://longbridge.com/en/quote/AVS.US.md) - [AVGU.US](https://longbridge.com/en/quote/AVGU.US.md) - [AVGG.US](https://longbridge.com/en/quote/AVGG.US.md) - [AVGW.US](https://longbridge.com/en/quote/AVGW.US.md) ## Related News & Research - [These Analysts Increase Their Forecasts On Broadcom Following Upbeat Q3 Earnings](https://longbridge.com/en/news/297917869.md) - [Broadcom Unveils AI-Ready Data Foundations in VMware Tanzu Platform to Power Secure Enterprise AI Cloud | AVGO Stock News](https://longbridge.com/en/news/297523745.md) - [Broadcom options draw lines at $340 and $400 post-earnings](https://longbridge.com/en/news/297806782.md) - [Broadcom (AVGO) Q3 Earnings Could Trigger an 8% Price Swing, According to Options Traders](https://longbridge.com/en/news/297554183.md) - [Broadcom’s Next $100 Billion AI Business Is Taking Shape. Here’s What It Means for AVGO Stock](https://longbridge.com/en/news/297065803.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**