$Broadcom(AVGO.US)Earnings Tonight🔥
Broadcom reports after market close today (~5am SG time). Custom ASIC chips, AI tailwinds, and a quietly strong run (+65% past year). Here‘s the quick scoop:
Q1 Expectations:
- EPS: $1.67 (vs $1.40 last year)
- AI semiconductor revenue expected to double YoY to $8.2B
Why It Matters:
- Custom chips (ASICs) = cheaper alternative to NVDA GPUs
- Clients: Google (TPUs), Anthropic ($10B deal), plus a mysterious 5th customer
- AI infrastructure spending by hyperscalers = $700B projected
What to Watch:
- Any new client wins? Last quarter = 5th unnamed customer signed.
- Management commentary on custom AI accelerator demand
- Valuation check: Forward P/E 30.4 vs NVDA 21.8 (premium priced)
Analyst Love:
- 41 Buy / 2 Hold
- Avg PT: $449 (44% upside)
Risk:
No new deals = market reads as falling behind NVDA. Stock already up big.
Summary of: https://www.barchart.com/story/news/538887/dear-broadcom-stock-fans-mark-your-calendars-for-march-4
NOT ADVICE
How do you think AVGO reacts after earnings?
Single Choice
- 🚀 Gap up51%
- ➡️ Flat (<2% move)24%
- 📉 Sell-off24%
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