From Investor’s Business Daily: 2025-05-27 12:22:00

Nvidia’s earnings report on Wednesday has everyone’s attention, but Broadcom is gearing up for its own report on June 5. Broadcom stock has hit a new buy point with a rising relative strength line, outpacing Nvidia with a 99 Composite Rating.

Broadcom has seen three quarters of accelerating earnings growth, with a 45% spike in earnings growth for the fiscal first quarter. Analysts predict 20% revenue growth to $15 billion and 43% earnings growth to $1.57 per share for the upcoming report on June 5.

Broadcom stock is flirting with a breakout as it approaches a buy point in a cup-with-handle pattern. The company’s technical strength is rising, with moving averages bouncing back and climbing above each other. The performance of Nvidia on Wednesday will likely impact Broadcom’s stock leading up to its own earnings report next month.

Read more: Broadcom Stock Etches Breakout With Nvidia Earnings In Focus