** Shares in chipmaker Broadcom Inc AVGO.O tumbling ~6% on Thurs as semis sold of broadly on demand and growth concerns; AVGO's fiscal Q1 report due after market close
** AVGO seen reporting adj EPS of $1.49, which would be up more than 35% from year-ago qtr. Rev seen at $14.61 bln, up 22%, as per LSEG
** In last 8 quarters AVGO's rev met or beat the Street 6 times while EPS met or beat every time, according to LSEG
** At time of its Q4 report in Dec. Broadcom forecast quarterly rev above Street estimates, predicting booming demand for its custom artificial intelligence chips, helping to push shares to record high of $251.88
** In 2025, AVGO stock has weakened as investors question hefty AI spending and worry about slowing economic growth, impact of U.S. tariff policies
** Chip sector off sharply on Thurs, with Philadelphia chip index .SOX down ~3%, led by ~17% drop in MarvellMRVL.O, whose in-line financial outlook on Wed disappointed
** AVGO last at $182.31 vs median PT of $250, per LSEG, which shows 39 analyst ratings: 9 'strong buy,' 26 'buy,' 4 'hold' recommendations
** AVGO shares down ~22% YTD after more than doubling in 2024. SOX down ~9% YTD after rising 19.3% in 2024
(Reporting By Sinéad Carew)
((sinead.carew@thomsonreuters.com; +13322191897;))
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