NEW YORK, January 4, 2026, 09:58 ET — Market closed
- Broadcom shares ended Friday up 0.4% at $347.62 as chip stocks rebounded to start 2026.
- Semiconductor names led the market bounce, with Intel up 6.7% and Nvidia up 1.2%.
- Focus turns to Monday’s ISM factory survey and Friday’s U.S. jobs report, then Broadcom’s March earnings update. 1
Broadcom Inc. shares closed Friday up 0.4% at $347.62, finishing near the middle of a $345.61-to-$360.56 range. U.S. markets are shut on Sunday and reopen on Monday.
The move matters now because Broadcom has become a bellwether for AI infrastructure spending, and the stock often trades with the broader semiconductor group on shifts in risk appetite.
Rate expectations are also back in play as the first full week of 2026 brings heavy U.S. economic data, a key driver of valuations for AI-linked megacaps. 1
Chip stocks powered Friday’s broader rebound, helping the Dow and S&P 500 snap a four-session losing streak, Reuters reported. 2
The iShares Semiconductor ETF jumped 4.2% on the day. Intel rose 6.7% and Nvidia gained 1.2%, while Broadcom’s smaller advance left it lagging the sector’s surge.
Joe Mazzola, head of trading & derivatives strategy at Charles Schwab, described a “buy the dip, sell the rip” mentality and said “investors might be a little bit more conscious about some of the valuations that they’re paying for some of the AI plays.” 2
Broadcom sits at the intersection of that debate, selling networking chips and custom silicon — tailor-made processors designed to a customer’s specifications — while also running an infrastructure software business built around VMware.
On the software side, a Broadcom executive said in a company blog post on Friday that the company is tightening and prioritizing its VMware partner ecosystem across Europe, the Middle East and Africa as customers shift toward private and hybrid cloud setups. 3
But the downside case has not gone away for investors focused on AI economics. Broadcom warned in its last results cycle that faster growth in lower-margin custom AI processors was squeezing profitability, a concern that fed broader jitters about AI returns. 4
The near-term macro calendar starts Monday with the ISM manufacturing survey, a closely watched gauge of factory activity based on a purchasing managers’ poll. The U.S. employment report follows on Friday at 8:30 a.m. ET, according to the Labor Department’s release schedule. 1
For Broadcom, the next company catalyst is fiscal first-quarter results after the market close on March 4, according to listings on major earnings calendars. Traders will be looking for any shift in AI demand signals, VMware subscription momentum and gross margin — the profit left after direct costs. 5
In the next session, the stock’s immediate markers are Friday’s low near $345 and the session high near $361, which set the short-term trading range heading into Monday’s open.
