New Delhi, Sept. 2 -- 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. It was a rare disclosure for the AI bellwether, which typically does not issue such projections.

Nvidia's strong outlook has therefore raised expectations for Broadcom's upcoming results, particularly given the company's exposure to the AI semiconductor market.

Wall Street analysts expect Broadcom to report a 210% jump in fiscal third-quarter ...