Broadcom shares flat ahead of Q3 earnings: Here’s what Wall Street expects from the chipmaker

Shares of heavyweight chipmaker Broadcom Inc (Nasdaq: AVGO) remained flat on Wednesday, 2 September, hovering around $370 apiece as investors awaited the company’s third-quarter fiscal results.

Broadcom investors are expecting a blowout earnings report after Nvidia Corp last week beat Wall Street estimates and forecast a whopping 70% jump in revenue for its next fiscal year.