Major stock indexes retreated Thursday, while oil prices jumped further as Iran claimed to have attacked a tanker in the Strait of Hormuz.
Stock futures are lower this morning while oil prices are rising as investors keep tabs on developments in the Middle East; Broadcom shares are surging after the chipmaker reported better-than-expected results fueled by booming AI-related sales; Stubhub stock is plunging after a weak earnings report; retail giant Costco is scheduled to release its quarterly results after the closing bell; and China is forecasting weaker economic growth. Here's what you need to know today.
Broadcom (NASDAQ: AVGO) recently published its Q1 2026 results on March 4, indicating that the company continues to achieve remarkable growth. The stock is currently priced around $310, significantly lower than its December 2025 peak of $413.
Invest $10,000 in Vanguard High Dividend Yield ETF ( NYSEARCA:VYM ) at its November 10, 2006 launch and, based on verified historical data, that position would be worth meaningfully more today — with dividends doing much of the heavy lifting.
Stock futures are slightly higher this morning after two days of volatile trading, as investors assess the potential impact of the conflict in the Middle East; U.S. officials said Iran's fighting capacity has been diminished while Saudi Arabia said a strike on an oil processing plant caused little damage; oil prices have stabilized after President Donald Trump said that the U.S. would protect oil shipping; bitcoin is surging, lifting crypto stocks along with it; and chip giant Broadcom is set to report earnings after the closing bell. Here's what you need to know today.
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Broadcom gears up to report fiscal Q1 results, with AI chip demand and VMware driving revenue growth despite margin pressure on strong XPU and networking sales.
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Broadcom stock (NASDAQ: AVGO) has had a rocky start to the year, with its stock currently down 4%. Despite a period of record-breaking demand for its AI-related hardware, the company is struggling against two primary headwinds: cooling investor sentiment and growing skepticism regarding long-term profitability.
Alphabet's shares rose 28.9% (and 65.5% for the year) on strength in the company's core businesses, as well as accelerating growth in Google Cloud and Other Bets. Taiwan Semiconductor contributed to performance during the quarter with shares up 9.0% and up 55.5% in 2025, driven by robust demand for AI chips. Broadcom is strategically positioned at the intersection of high-performance AI compute and networking infrastructure while also demonstrating disciplined execution in software.
Advyzon Investment Management LLC boosted its stake in shares of Broadcom Inc. (NASDAQ: AVGO) by 32.8% in the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,504 shares of the semiconductor manufacturer's stock after acquiring an additional 4,814 shares during the quarter. Broadcom