New York, Feb 3, 2026, 11:14 (EST) — Trading in the regular session.
- AVGO slipped roughly 3.4% to $319.73 late this morning following a choppy start
- Broadcom scheduled its quarterly results and business outlook for March 4
- New Wi‑Fi 8 enterprise platform and VMware channel shifts highlight ongoing AI demand and software renewal dynamics
Broadcom shares (AVGO.O) slipped 3.4% to $319.73 in late morning trading Tuesday, after kicking off at $336.60 and fluctuating from a high of $338.76 to a low of $315.15. The stock’s previous close was $331.11.
The company announced Monday it plans to release its first-quarter fiscal 2026 results and business outlook after the market closes on March 4. A conference call is set for 5 p.m. ET that day. A webcast and replay will be available on its investor website. (Nasdaq)
Investors are demanding more than just hefty AI budgets from tech firms—they want to see profits. “An expensive market and expectations are really high,” John Campbell of Allspring Global Investments noted. (Reuters)
On Tuesday, Broadcom unveiled an enterprise Wi‑Fi 8 platform, marking a step forward in the wireless standard. The new system combines access-point silicon with a campus switch chip and features an accelerated processing unit (APU). It also supports MACsec, a link-level encryption standard that secures device-to-device traffic. “Broadcom’s new Wi‑Fi 8 solution addresses many of the critical challenges,” noted Siân Morgan from Dell’Oro Group. The announcement included partner endorsements from Arista Networks, Extreme Networks, Hewlett Packard Enterprise, and NETGEAR. (GlobeNewswire)
C.J. Muse, an analyst at Cantor Fitzgerald, zeroed in on positioning over product releases in a Tuesday note. He pointed out that the market has already rewarded many AI infrastructure leaders, while Broadcom and Nvidia have “missed out on the party.” Muse added bluntly, “To put it simply, you can’t have it both ways.” (MarketWatch)
Focus remains on the VMware integration. TechRadar revealed that Broadcom has scrapped the Advantage Partner Program for VMware cloud service providers, which will reduce the number of resellers across Europe. “By rubber stamping the deal, Brussels handed Broadcom a blank cheque to raise prices, lock-in and squeeze customers,” said CISPE secretary general Francisco Mingorence. Broadcom described the move as aligning with “evolving customer requirements,” the report added. (TechRadar)
Shareholders are focused on whether the software overhaul will hit renewals or if customers will simply adapt to the new bundles and keep going. On the chip front, they’re looking for evidence that AI-driven networking demand remains strong.
Tuesday’s trading highlights just how fast sentiment can shift on this stock. Shares fell over 4% at one point before clawing back some ground.
Margins remain under pressure if AI chips claim a larger slice of sales. Back in December, Broadcom flagged that rising sales of custom AI processors with thinner margins were eating into profits. Still, Ben Reitzes at Melius Research argued it’s too soon to “hit that panic button.” (Reuters)
Broadcom is set to release its next update on March 4, unveiling results and its outlook. Investors will be tuned in for shifts in the company’s stance on AI demand and any lingering issues from the VMware integration.
