By Daniel Foelber
Publication Date: 2026-03-11 20:00:00
On March 4, Broadcom (AVGO 0.28%) delivered yet another blowout quarter. The semiconductor and infrastructure software giant reported $19.31 billion of revenue for its fiscal 2026’s first quarter. This included $8.4 billion in artificial intelligence (AI) revenue. In its December quarterly print, Broadcom had guided for $19.1 billion in first quarter revenue and $8.2 billion in AI revenue.
Here’s why Broadcom remains one of the top growth stocks for investors to buy and hold for years to come.
Image source: Getty Images.
1. Broadcom is rapidly growing its AI semiconductor business
Broadcom’s AI revenue is showing no signs of slowing down. The company is forecasting second-quarter fiscal 2026 AI revenue of $10.7 billion, compared with total revenue of $22 billion — meaning AI now comprises about half of the total business. Just a year ago, it was less than 30%.
Broadcom’s AI chip and networking business is growing much faster than its non-AI semiconductor and infrastructure…