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NASDAQ:AVGO 9 February 2026 - 23 February 2026

Broadcom Shares Slide 5%, AI Needs to Account for 72% of Growth Next Quarter
Chip stocks brace for holiday week: Applied Materials surges, Nvidia slides — what to watch next

Chip stocks brace for holiday week: Applied Materials surges, Nvidia slides — what to watch next

Applied Materials surprised with a bullish forecast, offering a rare win for U.S. semiconductor names after a turbulent stretch. The chip equipment giant projected second-quarter revenue near $7.65 billion, give or take $500 million, and adjusted earnings of $2.64 a share, plus or minus 20 cents—both clearing Wall Street’s bar. The stock at one point soared more than 10% Friday. Competitors Lam Research and KLA moved higher as well. At least 22 analysts lifted price targets on Applied after the numbers came through. CEO Gary Dickerson credited “the acceleration of industry investments in AI computing” for the jump. Morningstar’s William Kerwin described the moment as “a massive wafer fabrication equipment growth cycle,” pointing to tight supply for high-bandwidth memory chips feeding AI processors.
Broadcom stock price dips toward $325 as analyst warns hyperscalers could squeeze AVGO’s AI chips

Broadcom stock price dips toward $325 as analyst warns hyperscalers could squeeze AVGO’s AI chips

Broadcom Inc slipped 1.8% to finish Friday at $325.17. D.A. Davidson put out new coverage on the stock, tagging it with a neutral rating. The firm’s analyst, Gil Luria, described Broadcom’s AI custom-chip operation as “sitting on a shrinking iceberg.” Luria’s price target: $335—just above where shares closed.
AI stocks today: Cisco’s new chip enters the race as Nvidia faces China guardrails

AI stocks today: Cisco’s new chip enters the race as Nvidia faces China guardrails

Cisco Systems rolled out a fresh switch chip and a router on Tuesday, both built for keeping massive AI clusters humming — a direct shot at Broadcom and Nvidia. The new Silicon One G300, slated for release in the back half of the year and leveraging Taiwan Semiconductor Manufacturing Co’s 3‑nanometer process, comes loaded with “shock absorber” tech to manage sudden data surges. According to Cisco, it could push certain AI workloads up to 28% faster. “We focus on the total end-to-end efficiency of the network,” said Martin Lund, executive vice president at Cisco, in an interview with Reuters.
Apollo’s $3.4B xAI chip lease puts Nvidia demand, Broadcom’s Google TPU push back in focus

Apollo’s $3.4B xAI chip lease puts Nvidia demand, Broadcom’s Google TPU push back in focus

Apollo Global Management is nearing a $3.4 billion loan agreement for an investment vehicle that plans to acquire Nvidia chips and lease them to Elon Musk’s xAI, according to The Information on Monday. Valor Equity Partners is arranging the deal, which could be wrapped up this week, the report said. Apollo would not comment. SpaceX, Nvidia, and xAI didn’t respond to requests for comment.
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AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 STRONG BUY

AerCap

NYSE: AER 95 / 100
#2 BUY

Uber

NYSE: UBER 93 / 100
#3 BUY ON WEAKNESS

Taiwan Semiconductor

NYSE: TSM 91 / 100
#4 TACTICAL BUY

dLocal

NASDAQ: DLO 88 / 100
#5 BUY THE RESET

Tapestry

NYSE: TPR 86 / 100
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Editorial model selection. Not personalised advice.