Broadcom, ticker AVGO, went up a bit yesterday. 4.89 percent, if you must know. They make the little bits that make the computers think, and apparently, the computers are thinking about thinking more. Artificial intelligence, they call it. It’s a growth industry, like war, or regret. So it goes.
They moved 50.1 million shares. That’s a lot of shares. More than usual. People were buying. Or maybe just rearranging the deck chairs on the Titanic. Broadcom has been around since 2009, which in the life of a corporation, is roughly equivalent to a mayfly. They’ve grown 20431 percent since then. A nice number. Meaningless, really, when you consider the heat death of the universe.
How the Markets Shuffled Around
The S&P 500 went down a smidge, 0.56 percent. The Nasdaq Composite eased off too, by 0.26 percent. It’s all just numbers, isn’t it? Nvidia, also in the thinking-machine business, barely budged. Qualcomm, however, took a bit of a tumble. 1.80 percent. The market is a fickle god. It giveth, and it taketh away. Mostly taketh away.
What This Means, If Anything
Broadcom is betting big on AI. They reported revenue growth of 29 percent. That’s a good number. They think AI chips could be a $100 billion business by 2027. A lot of money. Enough to build a small moon, probably. They’re buying back shares, too. Ten billion dollars worth. A gesture, really. Like offering a Band-Aid to a dying man.
The executives seem confident. They should be. They’re getting rich. But will the cloud providers and the big companies keep spending? That’s the question. If they don’t, well… let’s not think about that. It’s enough to say that Broadcom is aiming for a very large number, and hoping someone will pay for it. A perfectly reasonable plan, when you consider the alternatives.
I, for one, am watching. Not because I care about the stock price, or the future of artificial intelligence, or even the fate of Broadcom. But because it’s something to do. We all need something to do, don’t we? Otherwise, we’d have to think about the void. And nobody wants that. So it goes.
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2026-03-06 02:12