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NASDAQ:AVGO 30 January 2026 - 5 February 2026

Broadcom Shares Slide 5%, AI Needs to Account for 72% of Growth Next Quarter
US economic calendar today: Jobless claims, JOLTS hit as Wall Street futures steady

US economic calendar today: Jobless claims, JOLTS hit as Wall Street futures steady

U.S. stock index futures were largely flat early Thursday as traders waited for weekly jobless claims and a delayed report on job openings, and weighed Alphabet's new AI spending plan ahead of Amazon's results later in the day. By 5:16 a.m. ET, Dow E-minis, futures contracts tied to the index, were down 36 points, or 0.07%, while S&P 500 E-minis were up 9 points, or 0.13%, and Nasdaq 100 E-minis were up 78.25 points, or 0.31%. Alphabet fell 2.4% in premarket trading after laying out capital expenditure plans that could nearly double this year, while Qualcomm slid 10.4% and Arm dropped 7%; chip names such as Broadcom rose, and “unforgiving scrutiny over AI capex continues to spook investors,” said Thomas Monteiro, senior analyst at Investing.com.
Broadcom stock price holds near $331 after Wolfe upgrade; AVGO eyes Google TPU demand

Broadcom stock price holds near $331 after Wolfe upgrade; AVGO eyes Google TPU demand

Broadcom shares held steady near $331 in after-hours trading Friday following Wolfe Research’s upgrade to Outperform from Peer Perform, with a $400 price target in tow. The stock gained around 0.2% during the day, closing at $331.30 after swinging between $322.77 and $338.17 on roughly 28 million shares traded. Wolfe analyst Chris Caso said the firm “could no longer ignore” Broadcom’s growth and edge in tensor processing units.
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