Broadcom fell 4.31% to $323.24 on October 22 as chip stocks slid on renewed worries about AI spending, three days after it signed NTT DOCOMO to a 10-year VMware agreement. Shares were about 33% below their June closing high, while the next-twelve-month EPS estimate rose 68% from $10.30 on February 1 to $17.34 on October 21, cutting the forward P/E from about 32 times to about 19 times. Infrastructure software, built mostly on VMware, added $8,752 million in fiscal Q3, up 29%, and earned about 77% segment operating margin in fiscal 2025 versus about 58% for semiconductors. The mean Street target of about $528 sits roughly 63% above the October 22 close, and 47 of 52 ratings are Buy or Outperform.
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NVDA
▼ Likely negativeNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/22/2026 | 212.28 |
| Change that session | -4.36% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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