TLDR
- Broadcom closed Tuesday up 3.91% at $331.98, then rose 2.20% to $339.30 after hours.
- The company will report fiscal 2026 results on Dec. 9 after the close.
- Anthropic’s filing lists Broadcom as a roughly $1 billion buyer in a $26 billion placement.
- JPMorgan’s Harlan Sur reiterated Overweight after Google’s TPU 8i Max announcement.
- The stock is down about 7.37% over 12 months and well below its $495 high.
Broadcom (AVGO) stock closed Tuesday up 3.91% at $331.98, per Benzinga Pro data. It then added 2.20% to $339.30 after the bell.
That makes two strong days in a row. The stock jumped 8.78% on Monday.
The latest lift came with a calendar update. Broadcom will report fourth-quarter and fiscal 2026 results on Dec. 9, after the market close.
A conference call is set for 2 p.m. Pacific Time. Management will cover results and the business outlook.
A Rebound After a Rough Week
Chip stocks needed the bounce. The Philadelphia semiconductor index lost more than 12% in a single session on Nov. 5.
Monday’s rally added over $200 billion in market value to AMD and Broadcom combined. Tuesday’s gains kept the momentum going.
Anthropic’s amended filing also put Broadcom in the spotlight. It names the company as a buyer of roughly $1 billion in a $26 billion private placement.
Google, Nvidia, AMD, Micron, Microsoft and TSMC are on the list too. They are taking nonvoting Class N stock at the IPO price, set at $70 to $78.
Against a $1.53 trillion market value, the $1 billion stake is about 0.07%. It is a small slice of the company.
JPMorgan analyst Harlan Sur weighed in as well. He said Google’s newly announced TPU 8i Max fits Broadcom’s custom chip roadmap.
Sur reiterated his Overweight rating. Google did not name Broadcom as a supplier.
What the Last Report and the Numbers Show
Broadcom beat expectations in September. Revenue hit $29.59 billion, ahead of the $29.44 billion estimate.
Earnings per share came in at $3.32 versus $3.16 expected. That is a beat of 5.06%.
The company now carries a market cap of $1.58 trillion. Its 52-week range runs from $289.77 to $495.
AVGO is down about 7.37% over the past 12 months. It sits at 20.57% of that range, and its RSI reads 49.40.
GuruFocus puts the GF Value at $447.22, which leaves the stock 26.64% below that mark. Broadcom reports on Dec. 9.
