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Broadcom (AVGO) stock gains momentum as ARK Invest accumulates before Q3 earnings. Key takeaways. Table of Contents * Broadcom's fiscal Q3 FY26 earnings release is scheduled for September 2, with analysts forecasting EPS of $3.22, representing a 90.5% increase versus last year. * Cody Acree from Benchmark maintains a Buy rating with a $545 price objective on AVGO stock. * Year-to-date gains for AVGO stand at just 7%, positioning it at the lower end of AI semiconductor peer valuations. * Cathie Wood's ARK Invest purchased 55,131 shares of AVGO on August 28, representing an investment exceeding $20 million. * Analyst consensus reflects a Strong Buy rating with a mean price objective of $512.36, suggesting potential upside of 39%. As Broadcom prepares to unveil its third-quarter fiscal 2026 financial results on September 2, market analysts have established notably optimistic projections for the semiconductor giant's performance. Shares of AVGO are currently changing hands at $368.62, reflecting a modest 7% advance since the beginning of the year. This muted performance follows a challenging period that saw the stock tumble 13% in the aftermath of its Q2 FY26 earnings announcement. While those quarterly results demonstrated solid fundamentals, they fell short of the heightened artificial intelligence-driven expectations that had accumulated among institutional investors. Ahead of the upcoming earnings event, Benchmark's Cody Acree has reaffirmed his Buy stance on AVGO while maintaining his $545 price objective. According to Acree, the recent price decline has established a more attractive valuation for prospective investors. Within the TipRanks analyst ranking system, Acree holds the No. 63 position among over 12,499 tracked analysts, boasting a 68% accuracy rate and delivering average returns of 33.40% per recommendation across a one-year timeframe. Financial expectations for Q3. Consensus estimates from the analyst community point to Q3 FY26 earnings per share of $3.22, marking a substantial 90.5% year-over-year expansion. Revenue projections stand at $29.24 billion, reflecting an 83.3% increase compared to the comparable quarter in the prior year. Acree's individual forecasts run slightly above consensus figures. His models anticipate revenue reaching $29.403 billion alongside EPS of $3.24 for the third quarter, both edging past Street expectations. Looking toward Q4 FY26 guidance, Acree anticipates Broadcom will project revenue of $34.902 billion with EPS of $3.89. His analysis suggests market participants will place greater emphasis on the fourth-quarter outlook rather than minor variations in Q3 actual results. Regarding AI chip production, Acree highlighted management's expectation for approximately 10 gigawatts in FY27 shipments, with commitments for the 2026-27 timeframe already locked in and strategic planning advancing for the 2028-29 period. Google continues to represent the largest volume customer for Broadcom's custom XPU solutions, though Acree indicated that Anthropic, OpenAI, and Meta Platforms are projected to contribute additional demand growth. The company is also engaged with two other undisclosed customers. Market competition dynamics. Acree acknowledged certain competitive headwinds facing the company. MediaTek is anticipated to serve as a secondary supplier in select initiatives, while Marvell has introduced new inference and TPU attachment solutions that could potentially erode portions of AVGO's market position. Nevertheless, Acree maintains these developments do not constitute immediate threats to Broadcom's primary high-performance TPU partnerships. He referenced the company's April strategic agreement with Google, which encompasses multiple future TPU generations and AI networking infrastructure extending through 2031, as a critical foundation supporting long-term business stability. Google's strategic initiatives to broaden its chip supplier base were characterized as a "share-of-growth" consideration rather than a fundamental challenge to AVGO's established TPU operations. From an institutional investment perspective, ARK Invest acquired 55,131 AVGO shares on August 28, representing approximately $20.48 million in capital deployment. This transaction followed a comparable purchase earlier that week, occurring simultaneously as ARK liquidated its AMD holdings. The Wall Street analyst community maintains a Strong Buy consensus rating on AVGO, accompanied by an average price target of $512.36, implying approximately 39% appreciation potential from present trading levels. Limited Time Offer Get 3 free stock ebooks. Discover top-performing stocks in AI, Crypto, and Technology with expert analysis. * Top 10 AI Stocks - Leading AI companies * Top 10 Crypto Stocks - Blockchain leaders * Top 10 Tech Stocks - Tech giants

Marvell Technology shares fell 10% to $216.62 after the company reported fiscal second-quarter results that beat estimates. Investors focused on softer fiscal 2028 guidance and limited details about a newly announced deal with Google. The semiconductor firm raised its 2027 revenue guidance to $12 billion and 2028 guidance to $18 billion, compared to $9.5 billion over the past 12 months. Sales and earnings per share rose 37% and 50%, respectively. Analysts had expected more potential upside in management's outlook following the Google deal announcement. Marvell plans to discuss the partnership's impact on earnings at its investor day in October. The stock trades at 53 times forward earnings. Trading volume reached 47.7 million shares, 18% above its three-month average.