New York, March 1, 2026, 10:38 (EST) — Market closed
- Broadcom closed out Friday at $319.55, slipping 0.7%.
- Chip and software player posts its fiscal Q1 numbers after the bell on March 4.
- Traders have their eyes on the U.S. February jobs report, set for March 6, searching for insights into rates and risk sentiment.
Broadcom Inc (AVGO) dropped 0.7% to close at $319.55 on Friday, as U.S. stocks lost ground late in the week ahead of a packed stretch for earnings and data. The S&P 500 gave up 0.4%, while the Dow shed 1.1%. MarketWatch
Broadcom will release its fiscal first-quarter numbers after markets close on Wednesday. The conference call is scheduled for 5:00 p.m. ET. PR Newswire
Why it matters now: The debate’s not settled—investors are still split on when AI-driven spending will start to deliver real profits, and whether the big tech names already reflect that upside in their share prices. “There continues to be this back and forth,” said Kristina Hooper, chief market strategist at Man Group. Traders are also looking ahead to Friday’s February U.S. jobs report. Reuters
Broadcom is right at the center of that debate. The company provides networking chips for data centers and also assists clients with designing application-specific integrated circuits, or ASICs—chips built for one particular task.
Fujitsu is working with Broadcom’s chip-stacking technology, a method for connecting dies that boosts speed and saves energy. Broadcom sent out samples to Fujitsu “this week,” according to Harish Bharadwaj, a VP in the ASIC product group, speaking with The Register. The Register
During the earnings call, analysts plan to drill into AI silicon demand and AI networking, plus how the VMware-related software segment is tracking. “Demand remains robust,” Susquehanna’s Christopher Rolland noted. According to Kiplinger, Wall Street is looking for earnings per share of $2.02 and revenue around $19.11 billion. Kiplinger
AVGO has pulled back sharply since its late-2025 run, dropping almost 23% off its 52-week high of $414.61. Shares have been hovering near support at $319, data from Investing.com shows. Investing.com
Gross margin, the slice of sales remaining after costs, is shaping up as the real battleground for traders. Even if revenue impresses, any hint of margin weakness can sting the stock—particularly in a market that’s lately hammered pricey “AI winners” after headline earnings.
This kind of read-through is key for peers linked to AI data-center demand—think Nvidia, Advanced Micro Devices. Once sentiment takes over in the group, individual company narratives can get steamrolled by broader sector flows.
The quarter might not go smoothly. If there’s even a whiff of weaker orders out of major cloud players, or any sign of pricing pressure, or a dip in software run-rate, investors could start questioning how solid Broadcom’s growth story really is — not to mention how much of that is already baked into the stock.
U.S. markets get back to business Monday. Broadcom’s results drop March 4, followed by payrolls on March 6—two key events traders are eyeing for clues on rates and risk sentiment.
