Broadcom shares rise ahead of Sept. 2 earnings as AI optimism supports semiconductor stocks

Broadcom Inc. (NASDAQ:AVGO) shares rose 1.38% to $360.50 in Thursday’s premarket trading after NVIDIA Corp.’s (NASDAQ:NVDA) strong results lifted technology and semiconductor stocks. NVIDIA, Broadcom and Micron are central to the expanding AI-hardware market, with upcoming September earnings reports highlighting robust demand and supply constraints. NVIDIA reported record revenue and expects supply bottlenecks to persist through 2028. Broadcom is scheduled to report earnings on Sept. 2, with the latest estimates calling for $3.16 in earnings per share and $29.44 billion in revenue, although earlier estimates were $3.24 per share and $29.36 billion. Investors will assess the report for evidence of sustained artificial-intelligence demand, bookings, margins and visibility against Broadcom’s premium valuation. The broader rally also faces a Sept. 4 U.S. employment report expected to show 45,000 new jobs and a 4.2% unemployment rate, which could influence Federal Reserve interest-rate expectations.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.