By Anusuya Lahiri
Publication Date: 2026-03-06 11:01:00
Broadcom Inc. (NASDAQ:AVGO) is strengthening its position in the artificial intelligence chip market by securing critical supply chains and drawing bullish responses from Wall Street analysts after strong earnings and guidance.
Broadcom Locks In Key AI Chip Supply Through 2028
The company said it locked in the required volumes in advance as demand for AI infrastructure accelerates, helping address industry worries about limited HBM supply and constrained Taiwan Semiconductor production capacity, the Chosunbiz reported on Friday.
Strong AI Growth Drives Revenue Outlook
CEO Hock Tan said Broadcom expects AI revenue from its chip business to exceed $100 billion next year.
The company also reported strong growth in its latest results, with fiscal first-quarter revenue reaching $19.31 billion, up 29% year over year, while AI revenue rose 106% to $8.4 billion.
Analysts Raise Price Forecasts After Earnings Beat
Analysts raised their price forecasts on Broadcom after the company beat…
