AVGO Stock Premarket Today (December 10, 2025): Broadcom Hovers Near Record Highs Ahead of AI Earnings

Broadcom Inc. (NASDAQ: AVGO) is trading essentially flat in Wednesday’s pre‑market session, with indications around $406 per share as of about 7:30 a.m. ET, just a hair below Tuesday’s all‑time closing high of $406.29 and a 52‑week high near $407.29. ^[1]

The stock has already surged roughly 75% in 2025, powered by demand for custom AI chips and networking hardware, leaving traders to decide whether Thursday’s earnings will unlock another leg higher or trigger a classic “sell‑the‑news” pullback. ^[2]

Quick Takeaways on AVGO This Morning

Premarket: flat to slightly lower. AVGO is changing hands around $406.21, down about 0.02% versus Tuesday’s close of $406.29 in thin pre‑market trading, after a strong 1.3% gain yesterday. ^[3]
Near record territory. Tuesday’s close marked a new all‑time closing high and sits within 0.2% of Broadcom’s 52‑week peak at about $407.29. ^[4]
Earnings tomorrow after the bell. Wall Street is looking for roughly 24–25% year‑over‑year revenue growth in Broadcom’s fiscal Q4 2025 to about $17.4–$17.5 billion, with EPS expected to grow around 25–30%, driven by AI infrastructure demand. ^[5]
AI guidance is the main event. Several previews suggest that investors care less about the quarter and more about Broadcom’s 2026 AI revenue outlook, with some analysis hinting at triple‑digit percentage growth in next year’s AI‑related sales. ^[6]
Street still overwhelmingly bullish. Broadcom carries an average analyst rating of “Buy” to “Strong Buy”, with price targets recently raised into the $400–$460 range by firms including Rosenblatt, Truist, Piper Sandler, Citigroup and KeyCorp. ^[7]
Fresh institutional buying headlined today. A new filing shows Arrow Capital Pty Ltd opened a 15,000‑share position (~$4.1 million), making AVGO about 3.1% of its portfolio, while institutional ownership overall sits above 76%. ^[8]
Macro backdrop: Fed day is looming. Markets are bracing for the Federal Reserve’s final 2025 rate decision and Chair Powell’s comments, with Broadcom grouped among the week’s key AI‑heavy earnings (alongside Oracle, Adobe and Costco). ^[9]

Below is a deeper look at what’s actually moving AVGO this morning.

AVGO Premarket Snapshot on December 10, 2025

Pre‑market quotes differ slightly by platform, but the message is the same: Broadcom is treading water just under yesterday’s record close.

Premarket price (approx.): $406.21
Change vs. Tuesday close: –$0.08 (–0.02%)
Tuesday regular‑session close: $406.29 (+1.3% on the day)
Tuesday intraday range: roughly $395.51–$406.93, marking a fresh closing high. ^[10]

That follows a four‑session winning streak and a roughly 7–8% two‑week gain, according to short‑term technical models. ^[11]

Given how far and how fast the stock has run this year, the lack of a big pre‑market move actually tells you quite a bit: traders are waiting for new information. The next catalysts arrive within 24 hours:

The Fed’s rate decision and Powell’s press conference later today. ^[12]
Broadcom’s earnings report and, crucially, its 2026 AI guidance after Thursday’s closing bell. ^[13]

Until then, AVGO’s pre‑market tape looks like classic “holding pattern” behavior near an important inflection point.

Why Thursday’s Earnings Loom So Large Over AVGO

Multiple previews from Wall Street and independent research shops all orbit the same thesis: Broadcom is in the middle of an AI supercycle, and tomorrow’s report will test how long that can continue. ^[14]

Consensus expectations

Across several earnings previews:

Revenue: Street models cluster around $17.4–$17.5 billion for fiscal Q4 2025, which would be about 24–25% growth year‑over‑year. ^[15]
Earnings: Estimates call for mid‑20s to low‑30s percent EPS growth, depending on whether you use GAAP or adjusted numbers. ^[16]
AI contribution: Several analyses argue that AI‑related revenue could be growing more than 50% annually and may already represent a large minority of total semiconductor sales. ^[17]

A TradingKey deep‑dive published this morning frames Thursday’s report as either a “golden opportunity or a bull trap”, noting that AVGO has beaten EPS estimates in 16 straight quarters and topped revenue expectations in 15 of them, but that expectations are now “fully priced in.” ^[18]

What the market really wants to hear

Most commentary agrees that guidance, not the backward‑looking numbers, will move the stock:

An AInvest preview suggests Wall Street is braced for 24–25% revenue growth and roughly 32% EPS growth in Q4, but says the bigger swing factor is whether Broadcom’s 2026 AI revenue guidance could exceed 100% year‑over‑year growth. ^[19]
Investing.com calls Thursday “Broadcom’s biggest test yet,” arguing that an upward revision to its AI total addressable market (TAM) could be a significant upside catalyst — while a conservative outlook could send the stock lower despite solid results. ^[20]

In other words, AVGO is priced for greatness, and anything short of a convincingly strong AI road map for 2026 and beyond could disappoint short‑term traders.

AI, Custom Chips and Networking: The Core Bull Case

Today’s fresh research keeps returning to a central theme: Broadcom has become the go‑to partner for custom AI silicon and high‑speed networking in hyperscale data centers.

A new TradingKey analysis (Dec. 10) lays out several points that are helping support AVGO near all‑time highs: ^[21]

Broadcom is described as the clear leader in custom AI ASICs, with an estimated ~70% share of that niche.
Cloud giants like Alphabet, Microsoft, Amazon and OpenAI are leaning into custom accelerators and tailored interconnects to lower model costs and energy consumption.
Broadcom is reported to have:
- Long‑standing TPU‑related work with Google, which continues scaling its TPU stack across the Gemini AI ecosystem.
- Ongoing or potential custom silicon discussions with Microsoft, with some industry reporting suggesting Broadcom could win designs that previously went to Marvell. ^[22]
- A large multi‑year partnership with OpenAI around next‑generation accelerators and networking for a roughly 10‑gigawatt AI build‑out, which some estimates say could exceed $100 billion in cumulative revenue over time (though those numbers are still speculative). ^[23]

Seeking Alpha’s latest piece this morning, “Buy Now to Ride the Shift From Compute to Networking,” echoes that theme, emphasizing the shift of AI spending from pure compute into networking, optical and switching, areas where Broadcom already has entrenched market share. ^[24]

When you combine those relationships with Broadcom’s history of consistent earnings and revenue beats — only one earnings miss since early 2015 — you get the long‑term bull case that has pushed many analysts to call AVGO a potential top‑performing AI stock into 2026. ^[25]

Fresh Analyst Calls and Price Targets Driving Sentiment Today

A wave of analyst updates over the last week is also propping up AVGO in pre‑market trade:

Morgan Stanley recently argued that Broadcom could outpace Nvidia in AI processor growth in 2026, boosting its price target and highlighting the stock among dividend names expected to outperform the S&P 500. ^[26]
StreetInsider’s round‑up shows multiple firms urging clients to “buy into earnings,” with price targets rising:
- Oppenheimer to $435,
- Susquehanna to $450,
- HSBC reiterating a Buy,
- BofA calling AVGO an AI “winner” and suggesting supply, not demand, is the main constraint as the company marches toward $100 billion in annual revenue. ^[27]
A MarketBeat piece published today notes that Rosenblatt has raised its target from $400 to $440 while maintaining a Buy rating, with Citigroup and others also lifting their targets. ^[28]

Despite AVGO already trading above many prior estimates, consensus 12‑month targets from different data providers cluster in the high‑$390s, roughly in line with or slightly below the current price, reflecting a belief that upside from here must be earned with continued AI execution. ^[29]

Institutional Flows: Arrow Capital’s New Stake and Heavy Fund Ownership

One of the more concrete pieces of news on December 10 is institutional positioning:

Arrow Capital Pty Ltd disclosed a new 15,000‑share AVGO stake, valued around $4.1 million, making Broadcom about 3.1% of its portfolio and its 17th‑largest holding. ^[30]
The same filing and related data show that other hedge funds have also added to positions, with names like Valiant Capital, NewEdge Advisors, Menora Mivtachim and Next Century Growth Investors all increasing their stakes in recent quarters. ^[31]
Altogether, institutional investors control more than three‑quarters of Broadcom’s float, with estimates around 76–79% ownership, including giant positions from Vanguard, BlackRock and State Street. ^[32]

That heavy institutional base cuts both ways for pre‑market trading:

It supports the stock on dips, as long‑term holders tend to buy on weakness.
But it can also amplify post‑earnings swings if large funds rebalance or rotate after Thursday’s report.

Competition Watch: Marvell and the Rest of the AI Field

A Benzinga piece out before the open highlights Marvell Technology (MRVL) — a key Broadcom rival in custom AI and networking silicon — noting that its growth score has surged following strong Q3 results and upbeat guidance. ^[33]

Marvell reported 36.7% year‑over‑year revenue growth and EPS ahead of estimates, and analysts have responded with fresh upgrades and a higher average price target. ^[34]

However, the same TradingKey report on Broadcom points out that:

Broadcom still commands an estimated ~70% share of the custom AI ASIC market, versus Marvell’s smaller (but growing) presence. ^[35]
A report from The Information (summarized in that analysis) suggests Microsoft may shift future custom AI chip designs from Marvell to Broadcom, which would be a notable loss for Marvell and a further endorsement of AVGO’s design capabilities. ^[36]

For AVGO traders this morning, that backdrop reinforces a key narrative: competition is heating up, but for now the market still sees Broadcom as the leader in custom AI infrastructure.

Valuation, Technical Setup and Near‑Term Scenarios

From a valuation standpoint, AVGO is no longer a quiet value play:

MarketBeat data show Broadcom trading at roughly 104× trailing earnings, with a P/E/G ratio around 1.36 and a market cap close to $1.9 trillion. ^[37]
The stock’s 50‑day moving average sits near $360, and the 200‑day near $315, underscoring how sharply shares have accelerated in the second half of 2025. ^[38]
The one‑year range runs from about $138 to just over $407, and AVGO is now hugging the very top of that band. ^[39]

Short‑term technical models described by StockInvest.us flag that AVGO has:

Rallied in 7 of the last 10 sessions,
Gained roughly 7.5% over the past two weeks,
And could be poised for either a brief consolidation or a continuation of the uptrend, depending on Thursday’s news. ^[40]

For today’s session, three broad scenarios are on traders’ screens:

Sideways drift near highs
- Most consistent with this morning’s flat pre‑market tape: AVGO oscillates around $400–$410 as investors avoid big bets ahead of the Fed and earnings.
“Buy the rumor” push toward or above the 52‑week high
- Strong sector moves in AI or a particularly dovish Fed tone could nudge AVGO to new intraday highs, especially given the stock’s momentum and options positioning into earnings. ^[41]
Early profit‑taking
- With valuation stretched and expectations lofty, some traders may use any intraday strength to take profits before Thursday, especially after a 75% year‑to‑date run. ^[42]

Longer‑Term Forecasts Traders Are Watching

Although today’s focus is squarely on pre‑market action and this week’s catalysts, several recent long‑term forecasts help explain why dips in AVGO keep getting bought:

A November 24/7 Wall St. model projects Broadcom’s revenue growing from about $60.5 billion in 2025 to over $106 billion by 2030, with EPS rising from roughly $6.19 to $18.66, and a 2030 price target near $709 — almost double recent levels. ^[43]
That same analysis notes that Broadcom has missed earnings only once in roughly 40 quarters, with Q3 2025 delivering 22% revenue growth and a 28% EPS jump. ^[44]
Barchart’s recent write‑up on “Analysts Betting on Broadcom for 2026” highlights forecasts for revenue rising from about $63.4 billion in fiscal 2025 to $177 billion by fiscal 2029, alongside a massive expansion in free cash flow. ^[45]

Of course, some of those targets have already been overtaken by events — 24/7 Wall St.’s 2025 year‑end price target of $321.88 now looks conservative with AVGO trading above $400 — but the broader message is clear: Wall Street still sees Broadcom as a core long‑term AI infrastructure winner. ^[46]

What AVGO Traders Should Watch for the Rest of Today

As Wednesday unfolds, the main AVGO‑specific catalysts are likely to be commentary and positioning, not hard news:

Fed headlines and rate‑cut expectations
- A more dovish‑than‑expected Fed could support richly valued growth names like Broadcom, while a surprise hawkish tone might pressure high‑multiple AI stocks. ^[47]
Sector moves in AI and semiconductors
- Updates on Nvidia, Marvell, AMD and other AI peers tend to bleed into AVGO sentiment, especially when they reference data‑center spending or cloud AI capex plans. ^[48]
New analyst notes and options activity into earnings
- With StreetInsider pointing to call‑heavy options flow and multiple houses urging investors to “buy this AI winner into earnings,” any new upgrades or downgrades today could nudge the stock around the edges. ^[49]

Bottom Line: Why AVGO Is Quiet but Tense in Premarket Trade

Broadcom’s pre‑market calm this morning hides a lot of underlying tension:

The stock is parked just below record highs after a 75% year‑to‑date surge. ^[50]
Earnings and AI guidance tomorrow could either validate that move — especially if 2026 AI revenue forecasts impress — or trigger a sharp reset if management strikes a cautious tone. ^[51]
Analysts and institutions remain broadly bullish, as evidenced by the flood of price‑target hikes, Arrow Capital’s new stake, and consensus expectations for years of AI‑driven growth. ^[52]

For now, that leaves AVGO hovering in neutral in pre‑market trade, as both bulls and bears wait for the next data point.

Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Always do your own research or consult a licensed financial advisor before making trading or investment decisions.