$Broadcom(AVGO)$ Q2 revenue was $22.2B, up 48% YoY, a record. AI semiconductor revenue came in at $10.8B, up 143% YoY, beating their own outlook. And the Q3 AI line guidance is $16B, up over 200% YoY. The market was hoping for a raise in the 2027 AI revenue target of $100B, with talk around it potentially reaching $150B. However, management kept its AI targets at 10GW in 2027 and $100B+ long term, instead of raising guidance like they did in prior quarters. They reported AI demand remains explosive, yet the stock pulled back. I think this pullback is completely unjustified. It should move back to 500 and beyond. Read the actual numbers.
$Energy Vault Holdings, Inc.(NRGV)$ $Broadcom(AVGO)$ The earnings commentary from earlier is bullish for NRGV, focusing on bringing power to the hyperscalers. The NRGV CEO confirmed that negotiations with hyperscalers have been ongoing since at least early Q1 this year. For the AI buildout, what's basically needed is as much power in any form, as quickly as possible. NRGV will be a massive beneficiary.
$Broadcom(AVGO)$ Q2 results came in slightly above estimates, but the guidance was particularly strong. The standout metric is AI-related revenue, which is expected to grow by more than 200%. We'll see how the market interprets the report tomorrow.
$Broadcom(AVGO)$ Just delivered another solid beat and raise, with the AI engine still being the main driver. Q2 revenue came in slightly above expectations at $22.2B vs. $22.1B, EPS $2.44 vs. $2.39, EBITDA $15.2B vs. $14.9B. Free cash flow missed slightly at $10.3B vs. $11.8B, but AI semiconductor revenue surged to $10.8B, up 143% YoY. Q3 guidance is where it gets more interesting. Revenue is guided to $29.4B vs. $28.7B, margins staying strong at 68%, and AI revenue stepping up to $16B, implying over 200% YoY growth. This is no longer just a chip story. It's becoming an AI infrastructure cash machine with expanding visibility into demand.
$Broadcom(AVGO)$ AVGO's 20-day SMA just crossed above the 50 and 200-day SMAs... as bullish as it gets. The move from $296 looks like just the beginning.
$Broadcom(AVGO)$ These are all attempts by shorts to slow down the momentum of buying shares on premarket dips. Goldman just reiterated their Strong Buy rating. It's a very strong investment bank. 480 price target.