New York, March 7, 2026, 2:11 PM EST — Markets are done for the day
U.S. markets were closed Saturday, leaving Broadcom to face the coming week as investors digest its fresh AI sales outlook. The stock finished Friday at $330.48, off 0.7%, snapping back from Thursday’s nearly 3% gain—the first full post-earnings session.
Why does it matter right now? Broadcom has turned into a bellwether for investor appetite beyond Nvidia in the AI boom. First-quarter AI revenue soared 106% to $8.4 billion. CEO Hock Tan put it plainly: “our AI revenue growth is accelerating.” The chipmaker now forecasts $10.7 billion in AI semiconductor sales for the current quarter. SEC
Broadcom is projecting second-quarter revenue of roughly $22 billion, topping LSEG analyst estimates. CEO Tan said “visibility in 2027 has dramatically improved,” referencing over $100 billion in AI chip sales expected that year. D.A. Davidson’s Gil Luria described the outlook as “very encouraging.” Reuters
That’s the detail traders will dig through on Monday. According to MarketWatch, Tan said Broadcom now counts six customers developing custom AI accelerators—chips tailored for particular tasks—including OpenAI, which was recently added to the roster. Google, Meta, and Anthropic still anchor those efforts, and Broadcom has its hands on essential components through 2028.
Broadcom turned in a solid quarter, posting $19.31 billion in revenue—a 29% jump. Adjusted earnings landed at $2.05 per share. The company also announced a fresh $10 billion stock buyback and left its dividend unchanged at $0.65 a share, set for payout on March 31 to holders recorded by March 23, according to company documents and a filing.
Even so, investors aren’t likely to settle for the software unit coasting along. Tan told MarketWatch that infrastructure software revenue is projected to climb 9% year over year this quarter, hitting $7.2 billion, after coming in with roughly 1% growth last quarter.
When markets reopen, peer action could set the tone. Marvell soared 18.3% Friday after projecting years of AI-driven growth, but Nvidia slid 3.1% and Broadcom dropped 0.7%—a clear divergence among closely linked names.
The broader market offered little relief. U.S. stocks ended Friday in the red after a jump in oil prices and a disappointing jobs print reignited concerns over sluggish growth. That leaves Broadcom with positive company headlines heading into Monday, but the macro environment isn’t doing it any favors.
The situation remains messy. Barron’s points out that investors are uneasy about a potential pullback in AI infrastructure spending and are mindful of Broadcom’s dependence on just a handful of major clients. Then there’s Broadcom’s own 2025 annual report, which flags trade barriers and sanctions as risks to demand, its finances, and results.
Wednesday, March 11 marks the next key event: the Labor Department puts out February consumer price data at 8:30 a.m. ET. Friday’s macro selloff has left traders eyeing Broadcom, watching if the stock keeps up its post-earnings run heading into the release.
