New York, February 9, 2026, 10:00 (ET) — Regular session
Broadcom climbed roughly 2.5% in Monday morning trading, building on chip sector gains following last week’s AI-related drop. Shares added $8.25 to reach $341.17, with the day’s range spanning $327.22 to $341.34.
Broadcom’s position as a stand-in for Big Tech’s AI infrastructure bets makes this move hard to ignore, with investors still unsure if the spending will translate to returns. Just this year, Reuters reported, the top four U.S. tech companies are throwing $650 billion into capital expenditures—data centers and hardware—putting chips squarely at the center of attention as Wall Street faces a packed schedule of U.S. economic data. 1
Broadcom sits on both sides of this trade—it’s a chipmaker, but it’s also got a major software business. Last week, software and services stocks took a heavy hit after fears flared that rapid-fire advances in AI could start to erode old-school software models, accelerating a wider move away from tech. 2
As of 10 a.m., SPY, the S&P 500 ETF, edged up roughly 0.1%. QQQ, which tracks the Nasdaq-100, barely budged. Semiconductor funds moved ahead: VanEck Semiconductor ETF SMH climbed 0.8%, while iShares Semiconductor ETF SOXX tacked on 0.2%.
Nvidia picked up roughly 3.3%, while Advanced Micro Devices tacked on about 1.6%. But Marvell Technology dropped 0.3% or so, highlighting how investors weren’t buying across the board—even within the AI supply chain.
Things started on uncertain footing. The Nasdaq slipped roughly 0.34% right out of the gate, according to Reuters, and both the S&P 500 and Dow followed, kicking off the session in negative territory. 3
Some strategists aren’t convinced the worst is over just yet. “After a hectic week last week, basically the size of the rebound that we saw (on Friday) didn’t feel like the beginning of a sustainable reversal in losses,” said Ipek Ozkardeskaya, senior market analyst at Swissquote Bank. 4
Beyond stocks, similar forces are shaping the landscape. Reuters’ Morning Bid pointed to a slate of upcoming U.S. numbers—a late January jobs report, data on inflation, and retail sales figures—as the next big hurdles for those betting on rate cuts and weighing risk. 5
Broadcom’s rebound leaves one nagging issue unresolved: profits. Back in December, the company flagged that surging sales of custom AI chips—less profitable than its other offerings—were putting pressure on margins, fueling doubts about just how much money future waves of AI hardware demand might actually generate. 6
Broadcom’s got its fiscal first-quarter results coming up—numbers drop after the bell on March 4. The conference call follows at 2 p.m. Pacific. 7
