By David Jagielski, CPA
Publication Date: 2026-03-09 16:00:00
Did you know that in just the past five years, Broadcom (AVGO +4.73%) stock has soared by more than 630%? The tech company has been a hot buy, and it has routinely outperformed the market. Demand for custom chips has been through the roof as companies invest in artificial intelligence (AI) and build next-gen models, and Broadcom has benefited from that.
The company recently posted strong quarterly results yet again and highlighted just how massive its growth opportunities still are. Here’s a look at why Broadcom stock may have plenty of upside in the long run.
Image source: Getty Images.
Broadcom says AI chips could bring in $100 billion in revenue
Last week, Broadcom reported its first-quarter fiscal 2026 earnings. The results were strong, with the company’s revenue totaling $19.3 billion for the period ending Feb. 1, which was an increase of 29% from the same period a year ago. Its net income of $7.3 billion rose at an even faster rate of 34%.
But what really stood out was the…
