Broadcom shares surged after the company posted results that beat Wall Street forecasts. Strong demand for AI chips lifted revenue and boosted investor confidence. The company also secured a $10 billion order from a major client, reported to be OpenAI.
Broadcom's Earnings Report mentioned $15.95 billion in revenue for the third quarter. AI sales jumped 63% to $5.2 billion. The company expects this figure to climb to $6.2 billion in the next quarter.
Net income rose to $4.14 billion compared with a loss a year ago. This shift added strength to the stock rally. Shares gained more than 13% in early trading, moving near $345. The stock has already risen about 32% in 2025, slightly ahead of Nvidia.
Broadcom’s chart shows signs of further growth. The stock broke out of a symmetrical triangle pattern, often viewed as a bullish signal. Trading volume surged to beyond 31 million shares, a level never before crossed since June, showing strong interest from big whales or investors.
Analysts are calling for a breakout target of approximately $349, based on the measured move method. Prices will test the level shortly if the rally sustains.
Key support zones remain important for traders. The first sits near $282. A dip below that could send shares to $265. A deeper correction may test $247, an area linked to earlier highs and trendlines.
Market watchers also highlight near-term resistance around $317 and the psychological barrier of $350. A move above these levels may open the door toward $375.
This performance portrays the deep roots Broadcom has in the AI chip market. From custom designs to big orders, it stands now to challenge Nvidia. With the major cloud companies pushing AI capacity further, the demand for Broadcom semiconductors will likely increase.
In short, Broadcom's share price is riding the artificial intelligence wave, with record earnings, a bullish technical setup, and immense market participation. Investors now look at the $282 support and $349-$350 resistance area to determine the next move.
Also Read: NVIDIA Stock Holds at $171.66 as AI Growth Pushes $4T Market Cap