Broadcom clears new AI revenue bar, shares drop after recent NASDAQ-100 rally

Broadcom outlines sharply higher AI chip revenue ambitions while NASDAQ trading shows a marked pullback from early-June highs, putting the AI leader’s stock in focus against peers like Nvidia and AMD.

By Christina Vogel, Background & Management desk. Reviewed prior to publication on 2026-06-23, 14:46.

Broadcom Inc. (US11135F1012) is sharpening its artificial-intelligence profile, with the NASDAQ-100 semiconductor group flagging much higher AI chip revenue targets in recent commentary. The fresh ambitions come as AVGO trades on NASDAQ well below early-June peaks despite a strong year-to-date run, according to current price data and analyst coverage.

AI revenue guidance steps up

Broadcom’s latest AI-focused update points to a marked acceleration in semiconductor sales tied to artificial-intelligence workloads, building on momentum seen across NASDAQ peers Nvidia and AMD.Zacks analysis on Broadcom AI revenues According to a Zacks-based breakdown, AI semiconductor revenues in the second quarter of fiscal 2026 rose about 143 percent year over year to roughly 10.8 billion dollars, well above earlier internal expectations from management.

The same analysis reports that Broadcom now anticipates AI semiconductor revenues of around 16 billion dollars in the third quarter of fiscal 2026, implying more than 200 percent growth versus the prior-year period and underscoring the scale of hyperscaler demand.Zacks analysis on Broadcom AI revenues Management commentary further sketches a full-year AI chip revenue ambition of approximately 56 billion dollars, which would correspond to an increase of roughly 180 percent compared with the preceding fiscal year.

Shares trade lower after strong run

On the equity side, Broadcom shares trade on NASDAQ under the ticker AVGO and sit firmly within the NASDAQ-100 semiconductor cohort.MEXC price data for AVGO Recent data from MEXC show the stock last changing hands at about 392.32 dollars per share as of 2026-06-23, 04:31, a decline of 4.38 percent versus the previous close of 411.35 dollars after a phase of pronounced strength earlier in June.

Zacks calculates a year-to-date gain of around 18.9 percent for Broadcom stock, slightly below the roughly 20 percent advance of the wider Computer and Technology sector peer group that also includes large AI beneficiaries such as Nvidia and Advanced Micro Devices.Zacks profile on Broadcom Within its own framework, Zacks assigns Broadcom a Rank of 3, corresponding to a Hold classification that reflects robust fundamentals but balanced near-term risk-reward after the recent rally.

The product engines behind AVGO

Broadcom generates much of its growth from custom AI accelerators and high-speed networking silicon used in hyperscale data centers, alongside its VMware-based infrastructure software portfolio.Broadcom investor presentation Flagship offerings include application-specific integrated circuits for cloud AI workloads and switching chips that underpin advanced Ethernet-based data-center fabrics.

Where the Broadcom shares trade today

The Broadcom shares (US11135F1012) most recently traded on NASDAQ at around 392.32 dollars as of 2026-06-23, 04:31, based on consolidated price data from MEXC and other quote providers.

Key data on the Broadcom shares

• Company: Broadcom Inc.
• ISIN: US11135F1012
• WKN: A2JG9Z
• Ticker: AVGO
• Trading venue: NASDAQ
• Price (as of 2026-06-23, 04:31): 392.32 USD
• Market cap: 1.87 trillion USD (as of 2026-06-23)
• Sector / industry: Semiconductors & related devices
• Index membership: NASDAQ-100, S&P 500
• Next earnings date: 2026-09-12

Disclaimer: This article is for informational purposes only and does not constitute investment advice, investment recommendation or an offer to buy or sell securities. All data and assessments are based on publicly available sources believed to be reliable but are not guaranteed for accuracy or completeness.