Top Stocks to Watch This Week: Broadcom, Dell and Palo Alto Report Earnings
TLDR
- Broadcom reports Wednesday, with Wall Street expecting $3.24 per share on $29.4 billion in revenue driven by AI
- Dell reports Tuesday after AI server sales surged 750% year over year last quarter
- Palo Alto Networks reports Tuesday with strong cybersecurity demand expected to continue
- Lululemon reports Thursday with earnings expected to fall 42% year over year
- Tesla holds an Austin event Thursday with expected updates on its Cybercab autonomous taxi
Broadcom
Broadcom reports fiscal third-quarter results Wednesday after the bell. Wall Street expects earnings of around $3.24 per share on revenue of approximately $29.4 billion.
AI is expected to drive most of the growth. Broadcom supplies networking technology and custom AI accelerators to major cloud companies, making it one of Nvidiaโs closest partners in the AI infrastructure space.
After Marvell fell sharply following its latest results, investors will be watching Broadcomโs outlook on custom chips and hyperscaler spending closely.
Dell Technologies
Dell reports Tuesday. Last quarter, AI-optimized server sales surged 750% year over year, helping the company beat expectations and raise its outlook.
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