Broadcom (AVGO) Earnings Preview: Why Jensen Huang's Marvell Shoutout Changes the AI Chip Trade

Jensen Huang called Marvell the next trillion-dollar company at Computex — MRVL surged 25% premarket. Broadcom reports Q2 after close today with $22B revenue and 140% AI growth guided. Here's what the numbers mean and how to trade both.

 

 

Two events have converged to make this the most closely watched week in AI semiconductors so far in 2026. On June 2, Nvidia CEO Jensen Huang took the Computex stage in Taipei alongside Marvell CEO Matthew Murphy and declared Marvell the "next trillion-dollar company" — sending MRVL surging roughly 25% in premarket trading. The same day, Broadcom (AVGO) stands one session away from its Q2 FY2026 earnings report, due after market close on June 3. Broadcom has guided revenue of $22 billion (+47% YoY) and AI semiconductor revenue of $10.7 billion (+140% YoY), with consensus EPS around $2.40. Options markets are pricing an implied move of approximately ±8–10%.

 

These two events — one already in motion, one still ahead — define the AI chip trade for this week. For overseas investors looking to gain direct exposure to MRVL and AVGO as real shareholders, MEXC RealStocks allows eligible users to purchase genuine US-listed shares funded via USDT, with zero platform fees during the launch period and a $1,000,000 stock prize pool currently active.

 

 

On June 2, Jensen Huang called Marvell the "next trillion-dollar company" at Computex 2026; MRVL surged roughly 25% premarket; Nvidia previously invested $2 billion in Marvell;

 

Broadcom (AVGO) reports Q2 FY2026 earnings after market close on June 3; revenue guided at $22B (+47% YoY), AI revenue guided at $10.7B (+140% YoY), consensus EPS ~$2.40;

 

Broadcom has beaten analyst estimates for seven consecutive quarters; tonight is the eighth test; options imply ~±8–10% move;

 

The two events together define this week's AI semiconductor pricing; the real question is whether Broadcom's Q3 guide sustains the long-term AI revenue narrative;

 

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The remark was not a casual aside. At Computex 2026 on June 2, Jensen Huang joined Marvell CEO Matthew Murphy onstage at the world's largest PC and component trade show and delivered a deliberate public endorsement: Marvell is "the next trillion-dollar company."

 

Huang's technical rationale was specific: AI computing requires disaggregating workloads across thousands of interconnected chips distributed throughout a data center. The connectivity layer — the high-performance networking and custom silicon that makes this possible — is exactly what Marvell builds. "That's the reason why Marvell is so essential," he said.

 

The fundamental backdrop supports the endorsement. Marvell delivered record FY2026 revenue of $8.195 billion, up 42% year-over-year, driven by data center demand. The company has guided accelerating revenue growth in every quarter of FY2027. Its custom AI chip business — ASIC accelerators designed for specific hyperscaler workloads — is projected to surpass $10 billion in revenue by FY2029. Nvidia formalized its commitment earlier this year with a $2 billion strategic investment, cementing a partnership that goes well beyond a standard supplier relationship.

 

Marvell's current market cap sits at approximately $191 billion. The gap between that and the trillion-dollar threshold is substantial. But between the Nvidia investment, the Computex endorsement, and the accelerating custom silicon trajectory, the market's direction of travel on MRVL is unambiguous

 

 

Broadcom reports Q2 FY2026 results after market close on June 3. This is the second most-watched AI semiconductor print of the quarter, behind only Nvidia, and the numbers already on the table are substantial.

 

 

Broadcom's Q1 FY2026 print — reported March 4 — beat on all major metrics: revenue of $19.3 billion (+29% YoY), adjusted EPS of $2.05, and AI semiconductor revenue of $8.4 billion (+106% YoY). Management then guided Q2 revenue at approximately $22 billion (+47% YoY) and Q2 AI revenue at $10.7 billion — a figure that represents 140% year-over-year growth and surpasses even the elevated expectations set after Q1. Wall Street consensus for tonight sits at approximately $22.08 billion in revenue and $2.39–$2.40 in adjusted EPS.

 

Broadcom has beaten analyst estimates in seven consecutive quarters.

 

 

Can AI revenue deliver the $10.7B guide? This is the headline question. The buy-side bar for AI revenue is approximately $5 billion for Q3 guidance — a Q3 AI guide above that level is the primary bullish catalyst for the semiconductor index. Broadcom's custom AI chip partnerships with Google, Meta, and Apple, backed by an AI order backlog of $73 billion, provide structural support.

 

Will VMware margins continue to improve? Post-acquisition, Broadcom has been converting VMware into a high-margin, recurring-revenue software engine. Clean margin improvement in tonight's print validates that transformation thesis and strengthens the longer-term earnings compounding story.

 

How will management frame the FY2027 AI roadmap? CEO Hock Tan has stated on record that Broadcom has "line of sight" to AI chip revenue exceeding $100 billion by FY2027. Tonight's guidance language will either reinforce or create doubt around that projection — and the stock will react accordingly.

 

 

Options markets are pricing an implied move of approximately ±8–10% around tonight's print. The bull case — strong AI revenue, sustained margins, aggressive Q3 guidance — sets up meaningful upside. The bear case is not a fundamental failure but a valuation reset: if guidance merely meets expectations or management language turns cautious, profit-taking pressure at current multiples would be significant.

 

 

 

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How it works: Through a licensed broker partnership, users purchase actual shares in US-listed companies. Stocks are quoted in USD; users fund via USDT transfer, and the platform provides zero-loss USDT-to-USD conversion with no exchange friction. Users hold genuine shareholder rights, including dividend distributions where applicable. Returns come from both stock price appreciation and shareholder entitlements.

 

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Current launch incentives: Zero platform trading fees during the launch period; first-trade stock cash card rewards for new users; a $1,000,000 USD equivalent stock prize pool for completing trading tasks through June 16, 2026. Over 7,000 US stocks and ETFs are available, including MRVL and AVGO.

 

Trading hours: Standard Nasdaq session: 9:30 AM to 4:00 PM US Eastern Time. Extended hours: 8:00 PM to 4:00 AM US Eastern Time — useful for monitoring post-market earnings releases like tonight's Broadcom print.

 

 

 

 

Yes. Both Marvell Technology (MRVL) and Broadcom (AVGO) are available on MEXC RealStocks, which covers over 7,000 US-listed stocks and ETFs. Stocks are quoted in USD; users fund via USDT transfer with zero-loss platform conversion. No separate brokerage account is required.

 

 

MEXC provides extended-hours market data for RealStocks. Broadcom reports after market close on June 3. Extended-hours trading on MEXC follows the 8:00 PM to 4:00 AM US Eastern Time session, which covers the period immediately after the earnings release. Note that RealStocks involves real shares without leverage — position risk is consistent with holding actual equity.

 

 

Yes. RealStocks users hold genuine shares in US-listed companies through MEXC's licensed broker partner, with full shareholder rights. According to the official MEXC RealStocks product guide, users receive dividend distributions where applicable, in proportion to their holdings. This is real equity income — not a synthetic approximation from a price-tracking derivative.

 

 

The product is available to eligible users globally, excluding mainland China residents. Access requires completing MEXC's onboarding process, which includes advanced identity authentication, proof of overseas address, and a risk assessment questionnaire. Chinese nationals holding valid overseas residency documents — such as Singapore PR or work passes, Malaysia MM2H visas, or equivalent long-term residency permits — are generally eligible. Mainland China residents are not eligible and should not attempt to access this product.

 

 

This article is for informational purposes only and does not constitute investment advice or a financial recommendation. The MEXC RealStocks product referenced in this article is strictly available to individuals who are lawful long-term residents of jurisdictions outside mainland China, holding valid overseas residency documents. Mainland China residents are not eligible to use MEXC RealStocks and should discontinue reading this article immediately. Trading in equities involves substantial risk, including the possibility of losing your entire principal. Past performance does not indicate future results. Consult a qualified financial advisor before making investment decisions.

 

 

 

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