AMD and Broadcom entered November after sharp Friday declines. This comparison uses their completed October 30 regular-session closes, a six-month price chart rebased to 100 on May 4, and their latest reported fiscal quarters. Monday's premarket observations are separately labeled and are not closing prices.
The same-window price comparison
From May 4 through October 30, AMD rose 47.80% and AVGO fell 21.71% on the same close-to-close window. On October 30, AMD closed at $504.80, down 10.88% from Thursday, while AVGO closed at $326.08, down 5.48%. A larger six-month AMD gain and steeper Friday fall can coexist. These arithmetic changes do not establish the cause of either selloff or predict the next move.
Reported businesses and cash
AMD's quarter ended June 27 produced $11.5 billion of revenue, $1.38 GAAP diluted EPS, and $1.66 non-GAAP diluted EPS. Operating cash flow was $2.366 billion, with company-defined free cash flow of $1.558 billion. Cash and short-term investments were $13.111 billion against $3.226 billion of debt. Its Data Center segment reported $6.718 billion of revenue, up 107% year over year, and includes EPYC processors and Instinct accelerators. AMD reports its next quarter November 3 after the close; the results remain unknown. Its earlier revenue outlook was about $13 billion, plus or minus $0.3 billion.
Broadcom's fiscal quarter ended August 2 produced $29.591 billion of revenue, $2.68 GAAP diluted EPS, and $3.32 non-GAAP diluted EPS. Operating cash flow was $14.197 billion, with company-defined free cash flow of $13.665 billion. Cash was $23.975 billion against $59.419 billion of debt. Broadcom reported $16.7 billion of AI semiconductor revenue, up 221% year over year. It guided to $34.8 billion of fiscal fourth-quarter revenue and $21.7 billion of AI semiconductor revenue. These are forecasts, not reported results.
The two companies use different fiscal periods and segment scopes: AMD's Data Center includes CPUs and accelerators; Broadcom's AI semiconductor category is defined differently. Their segment dollars are not a like-for-like market-share measure. GAAP and adjusted EPS are listed separately. AMD's non-GAAP Q2 calculation excludes $503 million of stock-based compensation and $544 million of acquisition-intangible amortization, among other adjustments; Broadcom's fiscal Q3 calculation excludes $2.019 billion and $2.006 billion, respectively, among other adjustments. The adjusted EPS figures have different exclusions and are not an apples-to-apples valuation multiple.
Questions for the next reports
AMD's next release can strengthen its case if the reported Data Center trajectory, cash conversion and new guidance support the earlier outlook. A slower trajectory, weaker free cash flow or rising share count would weaken it. Broadcom's subsequent fiscal-quarter report will test whether AI semiconductor growth and cash generation persist alongside its debt load. AMD reported $503 million of quarterly stock-based compensation and a 1.78% year-over-year rise in diluted weighted-average shares; Broadcom reported $2.019 billion and 0.56%, respectively. These figures deserve attention alongside EPS, and fiscal-period differences still apply.
The dated price panels use frozen daily OHLCV through October 30 and separately mark one early November 2 premarket observation. Their 24-row volume-by-price bands spread each day's volume over its high–low range; they are estimates, not TradingView Visible Range Volume Profile or evidence of buy/sell flow. See Daily Levels and the newsletter. Market research only, not a recommendation.
Sources: AMD Q2 Form 10-Q, AMD November 3 earnings announcement, Broadcom fiscal Q3 results.