By Unknown
Publication Date: 2026-03-28 14:09:00
Key Points
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Broadcom’s AI semiconductor revenue surged 106% year over year in the first quarter.
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It has secured multi-year partnerships with six major customers to co-develop custom AI chips.
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Even with valuation compression, Broadcom could reach a market cap of close to $3 trillion in two years.
Broadcom(NASDAQ: AVGO) is proving to be one of the biggest beneficiaries of the artificial intelligence (AI) revolution. Yet the scale of its opportunity may still be underappreciated, especially as AI spending is shifting from experimentation to real-time deployments.
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The company’s revenue was up 29% year over year to $19.3 billion, while GAAP net income soared 34% to around $7.3 billion in its fiscal 2026’s first quarter (ended Feb. 1). However, AI…