Broadcom Says AI Capex Doubts? “Not Yet”
Presented by
CLOSING BELL
Broadcom Says AI Capex Doubts? “Not Yet”
Happy Wednesday. Tech is leading stocks higher, the war in Iran stretches to its fourth day tonight, the U.S. Navy sinking a warship with a torpedo for the first time in decades on Wednesday morning. That makes 17 sunk in total.
The vote to pass a War Powers speedbump failed Wednesday night in the Senate. With air superiority gained in just a couple of hours Saturday, the U.S. is set to begin even more bombing runs on the country until the Pentagon decides to stop.
Treasury Secretary Scott Bessent encouraged everyone to look toward the positive future: 15% tariffs are coming back soon.
Crypto companies roared back alongside Bitcoin Wednesday, the underlying king of crypto climbing 7%. Coinbase was up, Robinhood and Strategy following, but there was more news than just price action: Kraken, an ancient U.S. crypto exchange (in crypto years) became the first real Crypto Bank today.
The world waited for Broadcom to report its semiconductor earnings, coming in with $100B in sales from AI chips, and a $10B share buyback program after the bell.
Private payroll additions in January from ADP were cut in half to just 11,000 additions, and fresh additions in February were concentrated in construction and health care.
AFTER THE BELL
Broadcom’s AI Infrastructure Report Card 🗂️
The semiconductor and infrastructure software giant delivered a clean beat on its fiscal Q1 2026 report, quieting near-term fears about AI demand timing. $AVGO ended the day down 8% so far 2026 despite a 64% gain in ‘25.
-
Reported $2.05 adjusted EPS vs. $2.03 estimate and $1.60 a year ago. $19.31B revenue vs. $19.26B consensus.
Broadcom beat on both lines and the real fireworks came from Q2 guidance. Management projected $22B in forward revenue, a significant step-up that signals hyperscaler AI infrastructure spending is accelerating. Custom XPU momentum, a Tomahawk 6 backlog, and VMware subscription stability all held as the core pillars of the bull thesis. The guidance print effectively answers the bear case that AI capex was peaking. 🔵
Rigetti’s Qubit Credibility Test: Smaller net loss than last year, but still a $18.2M net loss. Revenue fell 18% to $1.9 million, missing estimates. $RGTI was up heading into the close, but the quantum computing stock fell after the bell. ⚛️
Okta Beat, Guidance Spooked the Room: $OKTA delivered a clean beat with $0.90 adjusted EPS and $761M revenue, up 11% year over year. The problem: Q1 guidance came in below analyst expectations. CEO Todd McKinnon pushed the agentic AI security narrative hard, and full-year revenue guidance of $3.17B-$3.19B landed right at the Street estimate. The beat was real, the guide is the debate. 🔐
Webull’s Record Year, Softer Q4: $BULL closed out its first full year as a public company with record annual revenue of $571M, up 46% year over year, and record net deposits of $8.6B, up 91%. The growth story is real. Q4 told a slightly different story. The Q4 deceleration came from a 55% surge in operating expenses, driven by heavy marketing spend. 📊
SPONSORED BY RAD INTEL
Last Look At $0.85/Share. Price Moves Soon.
You don’t usually get a warning before a price change. RAD Intel shares are still open at $0.85/share through an SEC-qualified Reg A+ round, but that price moves soon.
$60M+ raised from 14,000+ investors, backed by multiple Fidelity funds and selected by the Adobe Design Fund. Valuation increased 5,000%+ in 5 years* and sales contracts doubled from 2024 to 2025*, with multiple 7-figure enterprise contracts already closed in 2026.
Nasdaq ticker has been reserved: $RADI.
RAD Intel predicts what content will land before spend, giving teams real-time micro-community insight so they choose creators and angles with more discipline.
Get in at $0.85/share before the price changes.
This is a paid for RAD Intel madepursuant to Regulation A+ offering and involves risk, including the possible loss of principal. The valuation is set by the Company and there is currently no public market for the Company’s Common Stock. Nasdaq ticker “$RADI” has been reserved by RAD Intel and any potential listing is subject to future regulatory approval and market conditions. Brand references reflect factual platform use, not endorsement. Investor references reflect factual individual or institutional participation and do not imply endorsement or sponsorship by the referenced companies. Please read the offering circular and related risks at invest.$RADIntel.ai.
*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.
CRYPTO NEWS
Kraken Becomes First Crypto Bank to Actually Become a Bank 💸
Kraken Cracks the Fed’s Inner Circle: The crypto exchange became the first digital asset bank to gain direct access to Federal Reserve payment infrastructure on Wednesday, when the Kansas City Fed approved a limited purpose master account for Payward Financial, operating as Kraken Financial.
The account lets Kraken settle directly on Fedwire without an intermediary banking partner, a privilege traditional lenders have monopolized and actively lobbied to protect.
“With a Federal Reserve master account, we can operate not as a peripheral participant in the US banking system, but as a directly connected financial institution,” Arjun Sethi, co-CEO of Payward and Kraken, said.
For public crypto stocks, this is a precedent that matters. $COIN is the most directly comparable public play as the Genius Act’s stablecoin framework pushes more firms toward master account applications. 🏦
INDUSTRY NEWS
No One Will Increase Electricity Prices, We Prommmise 🤞
Trump’s AI Power Plant Photo Op: President Trump hosted executives from Amazon, Google, OpenAI, Meta, Microsoft, Oracle and xAI at the White House Wednesday to unveil a “ratepayer protection pledge” — a voluntary commitment requiring data center operators to build or provide their own electricity supplies. The pitch: AI expansion won’t stick ordinary Americans with higher utility bills.
Energy market experts aren’t buying it. Administration officials confirmed to Politico the commitment is voluntary, despite Trump telling reporters last week he had made it “mandatory.”
Google’s Ruth Porat pledged to pay for 100% of energy used plus supporting infrastructure, but the agreement leaves cost allocation decisions to utilities and state officials. Notable absence: Anthropic, which is mid-dispute with the Trump administration over military ethics. Despite helping Hegseth bomb Iran, the Claude wranglers were not there to sign up for a electric bill pact. 💣️
MACRO NEWS
And the Crowd Went Mild When the Beige Book Dropped 📔
Fed’s Beige Book Flashes Yellow: The Federal Reserve’s latest boring nerd Beige Book painted a picture of a slowing but still-growing economy. Remember, this is a report from U.S. banks, businesses, and economists. Real down-to-earth Americana type stuff.
Seven of twelve districts reported slight to moderate growth and five reported flat or declining activity, up from four decliners last period. Nine districts said tariffs raised costs, with firms split between passing increases to customers and absorbing them. Lower-income households are pulling back on spending.
The labor market held relatively steady, while manufacturing got a quiet boost from data center and energy infrastructure buildout demand. The inflation read was mixed: eight districts reported moderate price growth, but most firms expected price increases to slow in the near term as demand softens. San Francisco, a contraction with layoffs in tech services and a “bifurcated economy.” The overall tone from around the country is cautious resilience sitting on top of real consumer uncertainty . 📋
TRENDING STOCKS
Pops & Drops
-
$GEMI ( ▲ 33.69% ) Gemini: surged after receiving US prediction market license
-
$DAWN ( ▲ 28.32% ) Day One: soared after oncology pipeline valuation upgrade
-
$MRNA ( ▲ 15.99% ) Moderna: jumped after affirming 2026 revenue growth outlook
-
$COIN ( ▲ 14.57% ) Coinbase: climbed after stablecoin revenue pivot boosted income
-
$MSTR ( ▲ 10.37% ) MicroStrategy: popped after MSCI retention and bitcoin yield
-
$APP ( ▲ 10.01% ) AppLovin: ripped after institutional investors bought new positions
SPONSORED BY POLYMARKET
Live From the New York Stock Exchange, it’s the 2026 Cashtag Awards Presented by Polymarket!! 🏛️
The biggest night in finance just got an upgrade.
On May 4th, Stocktwits is heading to the New York Stock Exchange to host the 2026 Cashtag Awards Presented by Polymarket. We’re honoring the creators, stocks, and innovators that defined the last year of trading.
This isn’t a “suit and tie” industry gala: this is powered by the 10 million+ investors who make the Stocktwits community the heartbeat of the market. From “Cashtag of the Year” to the “Best Retail IR Team,” the winners are chosen by you.
Nominations are officially OPEN. It’s time to give credit where it’s due and secure your spot at the most exclusive event in retail investing.
TLDR : 🏆 The 2026 Cashtag Awards Presented by Polymarket are live! We’re taking over the NYSE on May 4th. Nominations are open now
A Special Thanks to Our Partners: Polymarket, Zenatech,Tradier, Voyager, Tradr ETFs, Fintech TV
*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.
STOCKTWITS MEDIA
Top Stocktwits Stories 🗞️
Don’t miss a story! Follow @StocktwitsNews for a live feed in real time. ✍️
WHAT’S ON DECK
Tomorrow’s Top Things 📋
Macro: Initial Jobless Claims (8:30 AM ET), Productivity (8:30 AM ET), Trade Balance (8:30 AM ET). 📊
Pre-Market Earnings: $JD, $ALT, $CRMD, $KR, $BILI, $LXRX, $SSYS, $GOTU, $PDYN, $CRLBF, $XOMA, $AMPX, $IVVD, $CIEN ☀️
After-Market Earnings: $GEVO, $GPRO, $COST, $MRVL, $RUM, $INUV, $PBR, $WTI, $FNKO, $SWBI, $LCTX, $FIZZ, $IOT, $PBLA 🌙
P.S. You can listen to all of these earnings calls on Stocktwits.
Links That Don’t Suck 🌐
📈 Join IBD’s experts for a 3-hour virtual workshop to learn what goes into a winning trade*
🏠️ Live updates: War powers vote fails in the Senate, allowing Trump to continue Iran strikes
Hegseth says U.S. “just getting started” in Iran
Families remember U.S. reservists killed in Kuwait, members of an Iowa logistics unit
*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.
Terms & Conditions 📝
Securities Disclaimer: STOCKTWITS IS NOT A TAX ADVISOR, BROKER, FINANCIAL ADVISOR OR INVESTMENT ADVISOR. THE SERVICE IS NOT INTENDED TO PROVIDE TAX, LEGAL, FINANCIAL OR INVESTMENT ADVICE, AND NOTHING ON THE SERVICE SHOULD BE CONSTRUED AS AN OFFER TO SELL, A SOLICITATION OF AN OFFER TO BUY, OR A RECOMMENDATION FOR ANY SECURITY. Trading in such securities can result in immediate and substantial losses of the capital invested. You should only invest risk capital and not capital required for other purposes. You alone are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should also consult an attorney or tax professional regarding your specific legal or tax situation. The content is to be used for informational and entertainment purposes only and the service does not provide investment advice for any individual. Stocktwits, its affiliates and partners specifically disclaim any and all liability or loss arising out of any action taken in reliance on content, including but not limited to market value or other loss on the sale or purchase of any company, property, product, service, security, instrument, or any other matter. You understand that an investment in any security is subject to a number of risks and that discussions of any security published on the Service will not contain a list or description of relevant risk factors. In addition, please note that some of the stocks about which content is published on the service have a low market capitalization and/or insufficient public float. Such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information. Read the full terms & conditions here. 🔍
Author Disclosure: The author of this newsletter does not hold positions in any of the securities or assets mentioned. 📋
