AI-fueled optimism builds ahead of Broadcom’s Q1 report

Analysts and investors are increasingly bullish heading into Broadcom’s upcoming fiscal Q1 earnings, with several calling the stock a buy before the March 4 report and even predicting a “double beat” on revenue and profit. Oppenheimer and others highlight a large AI chip order backlog as a key driver, prompting upward revisions to sales expectations. At the same time, Broadcom shares are still down around 20% since the last earnings release, creating a perceived setup for a rebound if results impress. This comes as broader S&P 500 earnings growth is tracking above 14% year over year, putting extra focus on major contributors like Broadcom.