Broadcom has a tough act to follow after Nvidia earnings

Broadcom Inc. has a high bar to clear Thursday as the chip and software company reports on the progress of its artificial-intelligence initiatives after peer Nvidia Corp. blew away Wall Street expectations last week.

“That said, Hock expects networking to grow faster, driven by Jericho2 , as well as Tomahawk5, Ramon3, and co-packaged optics ,” Rolland said. Wall Street perhaps shouldn’t be anticipating a big beat-and-raise quarter, however, according to Mizuho desk analyst Jordan Klein. After Nvidia shares NVDA, +0.91% sputtered in the wake of the company’s “massive beat” last week and Marvell Technology Inc.’s stock MRVL, +2.29% dropped following in-line results a day later, there’s “much greater concern and worry around what to expect and how good it needs to be” for a stock to trade higher,” he wrote.

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