Overview

• Broadcom forecast third-quarter revenue of about $15.8 billion, topping analysts’ average estimate of $15.71 billion.
• The company expects AI semiconductor sales to reach roughly $5.1 billion in Q3, marking its tenth straight quarter of growth in that segment.
• Revenue from Broadcom’s semiconductor division climbed 16.7 percent to $8.41 billion in Q2, fueled by data center and networking chip demand.
• Shipments of the new Tomahawk6 networking processor, which doubles performance over its predecessor, are boosting data center network efficiency.
• Wall Street sentiment remains buoyant with BofA Securities lifting its price target to $300 per share and strategists suggesting Broadcom could challenge Nvidia’s market position.