AVGO

Broadcom stock is near highs ahead of earnings, along with other hot tech stocks like Credo Technology and fiber optic leader Ciena.

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Applied Materials (AMAT) is back in focus after beating quarterly earnings and revenue expectations and lifting its outlook as AI and data center demand intersects with fresh partnerships around advanced chip packaging and wafer cleaning. See our latest analysis for Applied Materials. Those AI and data center partnerships with Broadcom and SCREEN sit against strong momentum in the stock, with a 30 day share price return of 17.99%, a 1 year total shareholder return of 184.03% and a 5 year total shareholder return of 243.91%. If you are watching how AI equipment suppliers are moving, it can be helpful to see what else is gaining attention across the sector. You can start with 47 AI infrastructure stocks With Applied Materials stock up strongly over multiple timeframes and trading about 13.7% below one analyst price target of US$511.17, the key question is whether there is still a buying opportunity here or if the market is already pricing in future growth. According to a widely followed narrative from user Unike, Applied Materials' fair value of $194.11 sits well below the last close at $449.68, framing a wide valuation gap that hinges on long term semiconductor demand. Read the complete narrative. Read the complete narrative. Want to see how this narrative gets to its number? It leans on steady revenue compounding, firm margins, and a future earnings multiple that assumes continued equipment demand. The exact mix of growth and profitability forecasts may surprise you. Result: Fair Value of $194.11 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, that story can change quickly if export controls tighten around China or if a typical semiconductor downcycle affects equipment spending more than expected. Find out about the key risks to this Applied Materials narrative. The user narrative focuses on long term growth and arrives at a fair value of $194.11, well below the current $449.68. Yet on simple earnings multiples, AMAT trades on a P/E of 41.9x versus an industry average of 68.7x and an estimated fair ratio of 45.1x, which suggests a very different read on valuation risk and potential upside. Which story feels closer to how you look at this stock? See what the numbers say about this price...

Broadcom is set to be the final semiconductor giant to report earnings for the quarter, as a historic rally in chipmaker stocks shows little signs of abating. Investors will also watch next Friday’s jobs report—one of the first major economic indicators that will inform the Federal Reserve under its new chairman, Kevin Warsh.

New research from Goldman Sachs was headlined by an 8,000 year-end target on the S&P 500 Index ($SPX), nearly 10% higher than this year’s already strong up move. This major upgrade is driven by what analysts describe as “robust, corporate earnings power.” The mainstream narrative is simple: Corporate America is thriving, the bull market is charging ahead, and the fundamental backdrop has never looked healthier. But if you look past the sensational headline and pop the hood on the underlying data, the reality is starkly different. Dear Intel Stock Fans, Mark Your Calendars for June 2 Why Micron Stock Might Have a Math Problem Palantir Might Soon Take Over the Intelligence Agencies. Here’s What It Means for PLTR Stock Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! The broader index isn’t experiencing a healthy, diversified economic advance. Instead, the entire S&P 500 has effectively mutated into an extreme, highly concentrated two-stock dependency model. And while I have been chronicling the stock market’s increasingly narrow participation here for a while now, it is getting worse, not better. That’s what Goldman’s data tells me. According to the firm’s own numbers, a staggering one-third of all S&P 500 earnings growth in 2026 will be driven by just two companies: Nvidia (NVDA) and Micron Technology (MU). This is so absurd! The S&P 500 is supposed to represent a broad, diversified cross-section of the 500 largest publicly traded corporations in the United States. Yet, a single GPU designer and a single high-bandwidth memory manufacturer are projected to shoulder roughly 33% of the entire index’s bottom-line expansion this year. Goldman notes that when you widen the lens to the 10 largest corporate giants — a list heavily rounded out by tech hyperscalers like Alphabet (GOOG), Broadcom (AVGO), and Meta (META), they represent an astonishing 64% of all projected S&P 500 EPS growth for 2026. This is not a story of widespread corporate prosperity. It is a story of a historic, unprecedented capital expenditure haul. A massive chunk of global liquidity is being extracted from traditional economic sectors and poured directly into a singular destination: AI data center infrastructure. NVDA and MU are sitting at the toll booth of th...

Credo Technology Group Holding Ltd CRDO is scheduled to report fourth-quarter fiscal 2026 results on June 1, after the closing bell. The Zacks Consensus Estimate for the bottom line for the to-be-reported quarter stands at $1.03, indicating a 194.3% year-over-year surge. The estimate has remained unchanged in the past 30 days. The Zacks Consensus Estimate for total revenues is pinned at $430.08 million, implying a 153% increase. For the fiscal fourth quarter, CRDO expects revenues to be between $425 million and $435 million. Credo’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 31.6%. Image Source: Zacks Investment Research Let us see how CRDO is expected to fare in terms of revenues and earnings this time. Our proven model does not conclusively predict an earnings beat for CRDO this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is not the case here. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. CRDO has an Earnings ESP of 0.00% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here. Credo’s fiscal fourth-quarter performance is likely to have been driven by strong demand for its active electrical cables (“AEC”) and optical products, along with deeper engagement with hyperscalers. On the last earnings call, management noted that revenues more than doubled from fiscal 2024 to 2025, and the company expects the metric to triple from fiscal 2025 to 2026, with management putting the number just north of $1.3 billion for fiscal 2026. This implies that Credo will have achieved more than six times the revenue growth within two years. Three hyperscalers each contributed more than 10% of total revenues in the last reported quarter, reflecting strong adoption of Credo’s high-reliability AEC solutions. Credo has also secured a fifth hyperscaler customer, further strengthening its position within the global cloud ecosystem. Beyond the traditional hyperscalers, Credo is also seeing increasing demand from emerging Neocloud providers. AECs remain Credo’s fastest-growing product line and the primary revenue driver as these now play an increasingly critical role in AI-driven networking deployments. According to Credo...

Ambarella (AMBA) came out with quarterly earnings of $0.11 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +4.76%. A quarter ago, it was expected that this video-compression chipmaker would post earnings of $0.1 per share when it actually produced earnings of $0.13, delivering a surprise of +30%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Ambarella, which belongs to the Zacks Electronics - Semiconductors industry, posted revenues of $100.36 million for the quarter ended April 2026, surpassing the Zacks Consensus Estimate by 0.19%. This compares to year-ago revenues of $85.87 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Ambarella shares have added about 27.9% since the beginning of the year versus the S&P 500's gain of 9.9%. While Ambarella has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Ambarella was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy)...

Micron (MU) reported fiscal Q2 2026 revenue of $23.9B, up 196% year-over-year, with Q3 guidance for $33.5B revenue and 81% gross margin, while trading at just 7x forward FY 2027 earnings compared to NVIDIA and Broadcom at 24x despite supplying the HBM memory critical to AI infrastructure. The company achieved $6.9B in free cash flow last quarter, approved a 30% dividend increase, and has begun HBM4 volume shipments with multi-year customer contracts replacing the old one-year model. Micron’s AI memory dominance is protected by structural constraints: HBM chip manufacturing requires years of cleanroom build-out and construction, customers can only receive 50-66% of their demand in the medium term, and supply-demand stays tight through 2026, creating a supply-constrained environment unlike the 2018 memory downcycle. It sounds nuts, but SoFi is giving new active invest users up to $1,000 in stock for a limited time, and all it takes is a $50 deposit to get started. See for yourself (Sponsor) Consider Micron Technology (NASDAQ:MU) here because a forward FY 2027 earnings multiple of 7x on a company sitting at the literal center of the AI memory bottleneck is a valuation that almost never exists at the heart of a megatrend, and the only reason it does now is that your advisor still thinks "memory" means 2018. The numbers do the arguing. Micron just reported fiscal Q2 2026 revenue of $23.9 billion, up 196% year-over-year, with non-GAAP EPS of $12.20 and gross margins of 75%. Guidance for Q3 calls for $33.5 billion in revenue, EPS of $19.15, and gross margin near 81%. Against a share price of $884 as of this writing, the market is still pricing this like a commodity DRAM shop heading into a downcycle. It is doing the opposite. By the time you read this, Micron may have even crossed $1,000. The rally is accelerating due to investors identifying how discounted the stock is compared to its earnings. And each time the rally accelerates, the FOMO will send it even higher. SoFi Active Invest is offering a limited-time promotion. Open an account, fund it with $50 or more, and you could receive up to $1,000 in complimentary stock for Active Invest accounts. See for yourself by clicking here now. NVIDIA trades north of 24x forward earnings for FY 2027 (ends in January 2027). Broadcom (NASDAQ:AVGO) , almost the same. Micron, the company supplying the HBM that makes those GPUs...

Marvell Technology, Inc. MRVL is scheduled to report first-quarter fiscal 2027 results after market close on May 27, 2026. Marvell Technology anticipates revenues of $2.40 billion (+/- 5%) for the first quarter of fiscal 2027. The Zacks Consensus Estimate for MRVL’s fiscal first-quarter revenues is pegged at $2.40 billion, indicating year-over-year growth of 27%. For the fiscal first quarter, the company expects non-GAAP earnings of 79 cents (+/- $0.05) per share. The Zacks Consensus Estimate for MRVL’s fiscal first-quarter earnings is pegged at 80 cents per share, reflecting a 29% increase year over year. The consensus mark for earnings has remained unchanged over the past 60 days. Image Source: Zacks Investment Research In the trailing four quarters, Marvell Technology’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 1%. Marvell Technology, Inc. price-eps-surprise | Marvell Technology, Inc. Quote Our proven model does not conclusively predict an earnings beat for Marvell Technology this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here. Though Marvell Technology currently carries a Zacks Rank #3, it has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. You can see the complete list of today’s Zacks #1 Rank stocks here. MRVL’s data center business is likely to have remained the primary growth driver in the first quarter of fiscal 2027, supported by accelerating AI infrastructure spending and strong bookings across its interconnect, switching and custom silicon portfolio. MRVL’s bookings are accelerating at a record pace and robust cloud CapEx trends are driving strong demand across the company’s entire data center portfolio. Marvell Technology’s data center revenues are likely to have benefited from strong demand for optical interconnects, custom AI accelerators, Ethernet switching products and XPU-attach solutions. The company expects its data center revenues to grow approximately 10% sequentially in the first quarter of fiscal 2027. Management highlighted that demand remains robust for its 800-Gig products while 1.6T solutions are ramping rapidly with multiple Tier 1 customers. MRVL’s custom bu...

(Bloomberg) -- For much of the year, chip stocks have been powering the market higher. Now, Nvidia Corp.’s earnings have a chance to confirm that the rally has more room to run — or add another brick to investors’ wall of worry. Most Read from Bloomberg Spot the Difference: Putin Gets Trump Treatment From Xi in China Iran Threatens to Retaliate Beyond Middle East If US Attacks Hasbro Cancels Dungeons & Dragons Game From ‘Star Wars’ Veteran US Lawmakers Plan New $130 Fee for Electric Vehicle Owners US Treasuries Rebound on Optimism for US-Iran Deal Progress The leader in artificial intelligence semiconductors reports its results after the market close on Wednesday. Wall Street is expecting the latest in a series of strong prints from chipmakers as Big Tech continues to shower the companies with cash to build out AI infrastructure. So investors will be looking for indications about what the growth outlook is from here. “Nvidia’s results or guidance and the discussion on the call can give investors more confidence that this AI buildout will last not just a quarter, not just 2026, but into 2027 and 2028 and beyond,” said JoAnne Feeney, a portfolio manager at Advisors Capital Management, which owns Nvidia shares. “That will be reassuring.” A disappointment, however, could give credence to investors’ fears that the group has gotten overextended. The Philadelphia Stock Exchange Semiconductor Index has soared more than 60% this year, but it tumbled 6.4% over Friday and Monday as inflation concerns weighed on the stocks. Nvidia shares were up 1.8% on Wednesday afternoon, extending gains to 20% in 2026 and nearly 36% since hitting a recent low in late March, but they lost 6.4% in three sessions through Tuesday’s close. They’re still outperforming the technology-heavy Nasdaq 100 Index, which has gained nearly 16% this year. “Nvidia unfortunately created the expectation that it’s going to beat and raise every quarter, if they don’t, that’s going to be disappointing,” Feeney said. The stock has declined the day after Nvidia’s last three earnings reports even though the company posted solid results. The options market is pricing in a 5.5% move in either direction in the wake of this report. Despite its relatively underwhelming performance in 2026, Nvidia remains the biggest stock in the market, accounting for almost a fifth of the S&P 500 Index’s more than 8% advance this...

The stock market is near highs but oil prices and yields are headwinds with Trump issuing new Iran threats. Nvidia and Walmart earnings loom.

Nvidia (NVDA) stock closed the May 15 trading session 4.42% down at $225.32, according to Yahoo Finance. Micron closed 6.62% lower at $724.66 Intel closed 6.18% lower at $108.77 AMD closed 5.69% lower at $424.1 Broadcom closed 3.32% lower at $425.19 Marvell closed 3.12% lower at $176.89 Intel gained 164.06% Micron gained 125.18% AMD gained 116.33% Marvell gained 101.44% Broadcom gained 44.91% Nvidia gained 36.41% There have been many factors that contributed to the rally, including hyperscalers increasing their capital expenditure plans, Bank of America revising its server CPU sales forecasts, and Intel’s Q1 earnings boosting confidence in the semiconductor sector. But why is the semiconductor rally having a hiccup? UBS analysts said in their recent research note that, after conducting quantitative analysis, they found that 8 of the 12 largest global semiconductor companies by market capitalization are extremely crowded long, according to Proactive. They said that hyperscalers are shifting from asset-light to asset-heavy business models. They believe this will lead to a decline in cash flow return on investment (CFROI) over the next three years. More Tech Stocks: BofA resets Google stock price target after earnings smasher Bank of America resets Microsoft stock forecast after earnings BofA and Goldman Sachs reset Marvell stock price targets UBS analysts noted that Nvidia’s CFROI is expected to reach 82% this year. They see this as a risk, as only 0.09% of global stocks have historically sustained returns above 50% for five years, and just 0.02% for ten years. In addition to this UBS warning, Nvidia Q1 fiscal year 2027 earnings are set to be released on May 20. It has become almost a tradition that Nvidia's stock crashes after earnings, despite consistently beating the outlook. Nvidia CEO Jensen Huang explained this phenomenon at the all-hands meeting after the Q3 fiscal 2026 earnings. “If we delivered a bad quarter, it is evidence there’s an AI bubble. If we delivered a great quarter, we are fueling the AI bubble.” It seems the nervousness among semiconductor stock investors peaks near Nvidia’s report, so this might also be causing the dip. Contrary to sentiment, Goldman Sachs raised its EPS forecast for Nvidia ahead of earnings. TD Cowen analyst Joshua Buchalter also updated his opinion on Nvidia stock ahead of earnings, according to Investing. Buchalter is...

Meta Platforms (NASDAQ:META) primarily generates revenue through advertising, and by offering digital communication applications and virtual reality hardware to users worldwide. It recently expanded an infrastructure partnership with Broadcom to develop custom hardware for its operations, and it reported an approximately 48% net income margin for the quarter ended March 31, 2026. Snap (NYSE:SNAP) operates a visual communication application and provides wearable camera products and advertising services globally. It announced a strategic agreement with Qualcomm to power future generations of its wearable hardware, while posting an approximately negative 6% net income margin for the quarter ended March 31, 2026. Revenue serves as a foundational metric that shows investors the total amount of money a business brings in before operating expenses are deducted. This helps investors gauge raw business scale and growth. Image source: The Motley Fool. Data source: Company filings. Data as of May 10, 2026. Comparing the revenue for Meta Platforms and Snap reveals insightful trends. Both operate in the social media space, rely heavily on digital advertising for income, and are experiencing rising revenue. Beyond that, their stories diverge. Meta is seeing spectacular sales growth. Its first quarter revenue of $56.3 billion represented a 33% year-over-year jump. Compare that to Snap’s 12% Q1 sales increase to $1.5 billion, which is a solid result, but not the outsized performance delivered by Meta. The Facebook parent’s enormous revenue increase shows its business strategies are working. Meta invested heavily in artificial intelligence in recent years, and its strong sales suggests AI is helping. The company has also extended its AI use into hardware with virtual reality headsets and AI-infused sunglasses. The latter saw the number of people using them triple year over year in Q1. Snap’s sales trend indicates the company is growing. Its daily active users rose 5% year over year in Q1. However, unlike Meta, Snap isn’t profitable, posting a Q1 net loss of $89 million. Its modest revenue gains contrasted against unprofitable operations is concerning when AI is expensive technology to implement. Snap’s sales trend reveals its use of AI to date hasn’t supercharged its income to the same degree as Meta. Unless revenue starts to accelerate, as an unprofitable enterprise, invest...