By Vuk Zdinjak
Publication Date: 2026-03-07 02:37:00
Broadcom (AVGO) reported its Q1 earnings on March 4. The company’s report was strong, with revenue hitting 29% year-over-year growth to a record $19.3 billion. The stock closed 4.8% higher at $322.77 on the next day, according to Yahoo Finance.
AI-heavy stock not crashing following the earnings report has become a rarity, even when the earnings are very strong, as we’ve seen with Nvidia. For more on that phenomenon, read my article “Bank of America resets Nvidia price target after earnings.”
“Consistent with our commitment to return excess cash to shareholders, we returned $10.9 billion in the first quarter through $3.1 billion of cash dividends and $7.8 billion of stock repurchases,” said Broadcom CFO Kirsten Spears.
I think the buybacks are what saved Broadcom from a sell-off — smart move.
AI hype has created an extremely volatile stock market atmosphere, in which investors imagine that the technology can replace anyone and anything. I wrote about how…
