Broadcom Seen Facing 'Very High Investor Bar' Ahead of 3Q Print -- Market Talk
Dow Jones2026/08/31 18:491449 ET - Broadcom is expected to report another solid quarter, but that may not meet a "very high investor bar," Morgan Stanley analysts write in a note. The company, which reports Wednesday, seems confident in hitting its target of 2027 AI revenue exceeding $100 billion, they write. The analysts also don't see Broadcom at risk of losing its long-term share of the tensor processing unit market. The main risk, therefore, is whether the company's numbers match Wall Street's high expectations. "Last quarter was a good reminder that very strong results are not necessarily enough when the bar is high," the analysts write. "The underlying business can continue to perform exceptionally well without necessarily exceeding the most aggressive expectations." Broadcom trades up 0.3% at $369.84. (elias.schisgall@wsj.com)
(END) Dow Jones Newswires
August 31, 2026 14:49 ET (18:49 GMT)
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
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