Honestly, Broadcom delivering

Honestly, Broadcom delivering a beat plus announcing a buyback is quite a strong signal. For many investors here in Singapore, it shows management confidence and solid cash flow, especially with AI chip demand still hot. That said, whether the stock can push back to $350 depends a lot on overall tech sentiment and interest rates. If the AI momentum continues and earnings stay strong, the upside is there—but the market may still move a bit cautiously in the near term.

Broadcom Beats and Buyback! Chip Giant Back to $350?

Broadcom (AVGO) shocked the market with its fiscal 2026 Q1 earnings. AI-related semiconductor revenue surged 106% year over year to $8.4 billion, far exceeding market expectations. CEO Hock Tan noted that demand for custom AI accelerators remains extremely strong and raised Q2 AI revenue guidance to $10.7 billion. The company also announced a new share buyback program, while quarterly free cash flow reached $8 billion. Is Broadcom transforming from a “networking chip giant” into the second-largest AI hardware powerhouse after Nvidia?

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