New York, January 19, 2026, 09:35 EST — Market closed.
- Broadcom shares last ended Friday higher, with U.S. markets shut on Monday for the holiday.
- A risk-off tone tied to fresh tariff threats is setting the backdrop for chip and tech names.
- The next read comes Tuesday, with investors already looking toward Broadcom’s next earnings date.
Broadcom Inc. shares last closed at $351.71 on Friday, up 2.53%, with U.S. investors now waiting for Tuesday’s reopen after the long weekend. 1
That matters because Broadcom has turned into a proxy for the AI buildout — not just chips, but the networking and software plumbing that keeps data centers running. When macro mood sours, this stock often gets swept up with the rest of the semiconductor trade.
The pause also leaves traders leaning on headlines rather than price. Any shift in the tariff drumbeat, or another policy tweak aimed at chips, could set the tone before cash trading resumes.
U.S. stock markets are closed on Monday for Martin Luther King Jr. Day, according to Nasdaq’s 2026 holiday schedule. 2
Outside the holiday, the backdrop turned rough. U.S. equity index futures fell more than 1% as investors moved into perceived safe havens after President Donald Trump threatened extra tariffs on European goods tied to his push to buy Greenland. “There is obviously a response by markets to these new tariff threats,” said George Lagarias, chief economist at Forvis Mazars. 3
Broadcom also has fresh sell-side chatter in the mix. Jefferies analyst Blayne Curtis kept Broadcom as his “Top Pick” in the AI space, with Jefferies modelling earnings above $19 a share by 2028, according to a report summarising the note. 4
Broadcom’s appeal to bulls is straightforward: it sells custom chips — application-specific integrated circuits, or ASICs, built for a single job — plus high-speed networking gear that helps connect AI processors. VMware, its software arm, gives it another engine that is less tied to the chip cycle.
But investors have not forgotten the margin debate. In December, Broadcom’s comments on gross-margin dilution from AI chips helped trigger a selloff, even as some analysts argued the market was overreacting. “Right now, the spending intentions still seem so big by so many, hitting that panic button is premature,” Melius Research analyst Ben Reitzes said then. 5
Sector headlines are still landing, even on a day when Wall Street is shut. Micron said it signed a letter of intent to buy Powerchip’s P5 fabrication site in Taiwan for $1.8 billion in cash, aiming to lift DRAM — a type of memory used in computers and servers — output from 2027. 6
The risk for Broadcom and its peers is that trade policy starts to bite into demand expectations, or pushes customers to rethink spending plans. South Korea said it would seek favourable terms for U.S. tariffs on imports of memory chips, after new U.S. actions on chip-related tariffs put suppliers on edge. 7
Next up is simply Tuesday’s open, when investors get the first real price signal after the holiday break. Broadcom said on its last earnings call it plans to report fiscal first-quarter results after the close on Wednesday, March 4, with a webcast to follow at 2 p.m. Pacific. 8
