A little healthy investment speculation can be useful and fun. In August 2024, we wondered if Broadcom (AVGO:NASDAQ) might become the next trillion-dollar company, joining the likes of Microsoft (MSFT:NASDAQ), Nvidia (NVDA:NASDAQ) and Apple (AAPL:NASDAQ). At the time, the company had a market cap of $732 billion. 

The answer, it transpired, was yes, with the company's valuation leaping that hurdle in December 2024 and staying above that mark for much of this year. 

At the time of writing, Broadcom’s market cap is $1.08 trillion, based on its $230.53 share price (at close 22 May), so it is still part of an exclusive club.

Whether it can remain there in the short term depends on incoming second-quarter earnings, due after the market close on 5 June.

The Palo Alto-based company operates across the semiconductor and infrastructure software spaces, but investors typically see it as an AI (artificial intelligence) play, and rightly so, while its sheer scale means most investors will have some sort of exposure, either directly or through various funds and ETFs.

Analysts expect Broadcom to report EPS (earnings per share) of $1.57 on $14.98 billion revenue, implying annual growth of around 45% and 20% respectively after accounting for the 10-for1 stock split in July 2024.

Betting on a forecast beat would tally with its fine track record of doing just that in an almost unbroken run stretching back 10 quarters, and analysts remain largely optimistic over both its short-term and longer-term future.

US UPDATES OVER THE NEXT 7 DAYS

QUARTERLY RESULTS

30 May: Costco

3 June: Dollar General, Hewlett Packard

4 June: Brown Forman, Campbell Soup, MongoDB

5 June: Broadcom, JM Smucker

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