By Fahad Saleem
Publication Date: 2026-05-01 14:45:00
We just covered Here is How Billionaire Philippe Laffont’s Top 10 Picks Crushed The Market. Broadcom Inc. (NASDAQ:AVGO) ranks #8 (see the Here is How Billionaire Philippe Laffont’s Top 5 Picks Crushed The Market).
YTD Stock Performance: +22%
Philippe Laffont’s Stake: $1.90 Billion
Broadcom Inc. (NASDAQ:AVGO) is up about 22% so far this year amid rising demand for custom AI chips. Tech companies spending billions on AI infrastructure want chips made for their needs and intend to cut reliance on expensive Nvidia hardware. This has made AVGO chips popular. According to a Deloitte report, the custom AI chip market is expected to exceed $50 billion in 2026.
Broadcom Inc’s (NASDAQ:AVGO) moat is strong and wide because there are only a few companies capable of delivering high‑performance custom chips tailored for large‑scale AI workloads. Broadcom designs application‑specific ASICs and XPUs. These chips are preferred by hyperscalers for massive inference…
