Broadcom (AVGO) Q3 Earnings Preview: Prediction Markets See 98% Chance of Beat, Focus on AI Customers and Google Competition
Broadcom Inc. (AVGO) is set to report fiscal third-quarter earnings after the bell Wednesday. Prediction market Polymarket prices a 98% chance that Broadcom will beat quarterly earnings expectations. The market's primary focus is on what CEO Hock Tan will say about Broadcom's AI customers and growing competition for Google's custom-chip business during the 5 p.m. ET earnings call. Kalshi traders are betting on mentions of OpenAI (96%), VMware (94%), Anthropic (92%), and Google (84%). Despite Google recently expanding its chip relationship with Broadcom competitor Marvell, JPMorgan believes Marvell has not won Google's core TPU accelerator business, and Broadcom remains the volume partner for the next four TPU generations.
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