Market intelligence firm Data Insights shows hedge funds shifted Broadcom (AVGO) from being mostly shorted in August to one of their most-held long stocks in September. Broadcom’s third-quarter revenue rose 86% year over year to $29.6 billion, net income climbed 216% to $13.1 billion, and AI semiconductor revenue jumped 221% to $16.7 billion. The company expects fourth-quarter revenue of $34.8 billion and has raised its fiscal 2026 AI semiconductor revenue target to $58 billion, though some analysts felt its forward guidance was not strong enough. The author notes that the P/E ratio of 46 and forward P/E of 19 look attractive relative to long-term growth expectations.
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NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/23/2026 | 211.00 |
| Change that session | -0.57% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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