Like Superman, Broadcom (NASDAQ:AVGO) may have saved the day — at least for now. “Given the anxiety about AI conditions in general, these results should come as a relief, and the strength of AI Ethernet is encouraging,

The broader market has seen a considerable decline over the past week as investors re-assessed tech names. Wall Street’s change of mind about AI already drove down stocks. Still, as the Trump administration announced more tariffs for China and remained stubborn on slapping tariffs on both Canada and Mexico,

Analysts expect the Palo Alto, California-based company to report quarterly earnings at $1.51 per share, up from $1.1 per share in the year-ago period. Broadcom projects quarterly revenue of $14.59 billion,

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this

Shares of technology companies rose, recouping some of their recent losses following strong earnings from one major chip maker. Broadcom shares soared after the maker of chips for artificial-intelligence applications posted quarterly earnings ahead of Wall Street targets,

Wall Street is still twitchy on Friday following its brutal week of big swings, and U.S. stocks are flipping between gains and losses after a nervously anticipated economic report came in close to expectations.

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U.S. stocks rose, but only after careening through another wild day. The S&P 500 climbed 0.6% Friday after erasing an earlier loss that reached 1.3%.

On Wall Street, Broadcom rose 3.5% after delivering stronger profit and revenue for the latest quarter than analysts expected. The chip company also gave a forecast for upcoming revenue that topped analysts’ expectation, thanks in part to strong demand for its artificial-intelligence offerings.

Nvidia sells the lion’s share of the parallel compute underpinning AI training, and it has a very large – and probably dominant – share of AI inference.

The hardest thing about making custom AI chips for large, demanding customers might be the expectations that go with it. Shares of Marvell Technology slid Thursday morning following its quarterly report.