Broadcom

AVGO

Market cap $2.28T

Broadcom reports earnings Wednesday after AI-related revenue more than doubled in the prior quarter, with investors focused on guidance and demand from hyperscale customers.

Broadcom's stock is rallying to fresh highs ahead of its latest earnings report tomorrow, with a bit of help from Google parent Alphabet.

Two AI chip giants, one retirement portfolio slot, and a clear question: Should income-focused investors own NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) or Broadcom (NASDAQ:AVGO) right now?

Broadcom's fiscal Q2 earnings results are expected to highlight soaring AI chip demand and VMware-led software growth, while lower-margin XPUs pressure margins.

AMD's data center revenue grew 57% in the first quarter of 2026. Qualcomm jumped after reportedly landing ByteDance as an AI data-center customer.

Broadcom Inc (NASDAQ:AVGO) could show growing market share and backlog when the company reports second-quarter financial results on Wednesday after market close.

The company's “aggressive” cadence and performance improvements for its switching chips will also keep it ahead of competitors, an analyst said.

Broadcom's stock surged more than 4% in trading on Tuesday as investors reacted positively to several developments tied to the artificial intelligence sector. Market sentiment was boosted by Alphabet's plans to raise funds for AI infrastructure, Nvidia CEO Jensen Huang's prediction that Marvell could become the "next trillion-dollar company," and Anthropic's recent IPO filing.

Shares of Broadcom (NASDAQ:AVGO | AVGO Price Prediction) are up 6% in Tuesday's premarket session, trading near $486 after closing Monday at $459.97.

At $459.97, Broadcom (NASDAQ:AVGO | AVGO Price Prediction) looks attractively positioned for investors with a 12-month horizon.