Broadcom Q2 Earnings Preview: AI-Related Revenue In Focus, Will Partnerships With Meta, Google Shine Through In Results, Guidance?
Portfolio Pulse from Chris Katje
Broadcom Inc (NASDAQ:AVGO) is set to report its Q2 earnings on June 12, with analysts expecting strong AI-related revenue growth. Partnerships with Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL) and Meta Platforms Inc. (NASDAQ:META) are key factors. Analysts have high expectations, with multiple 'Buy' and 'Overweight' ratings and price targets ranging from $1,500 to $1,700.
June 11, 2024 | 4:04 pm
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POSITIVE IMPACT
Broadcom is expected to report strong Q2 earnings, driven by AI-related revenue and key partnerships with Google and Meta. Analysts have high expectations with multiple 'Buy' and 'Overweight' ratings.
Broadcom's strong performance in AI-related revenue and key partnerships with major tech companies like Google and Meta are expected to drive its Q2 earnings. Analysts' high expectations and multiple 'Buy' ratings indicate a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Broadcom's partnership with Google is a key factor in its expected strong Q2 earnings, driven by AI-related revenue.
Google's partnership with Broadcom in AI-related projects is contributing to Broadcom's expected strong Q2 earnings. This positive development could have a favorable short-term impact on Google's stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Broadcom's partnership with Google is a key factor in its expected strong Q2 earnings, driven by AI-related revenue.
Google's partnership with Broadcom in AI-related projects is contributing to Broadcom's expected strong Q2 earnings. This positive development could have a favorable short-term impact on Google's stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Broadcom's partnership with Meta is a key factor in its expected strong Q2 earnings, driven by AI-related revenue.
Meta's partnership with Broadcom in AI-related projects is contributing to Broadcom's expected strong Q2 earnings. This positive development could have a favorable short-term impact on Meta's stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50