By Alex Sirois
Publication Date: 2026-08-11 16:04:00
Broadcom (NASDAQ: AVGO | AVGO Price Prediction) and NVIDIA (NASDAQ: NVDA) both just posted AI-fueled quarters, but the numbers reveal two very different bets. NVIDIA is selling a full-stack GPU platform to every buyer on Earth. Broadcom is quietly designing the custom silicon those same hyperscalers actually want to own.
Custom XPUs Carry Broadcom. Blackwell Carries NVIDIA.
Broadcom’s Q2 FY2026 revenue hit $22.19 billion, up 47.9% year over year, with AI semiconductor revenue of $10.80 billion growing 143%. CEO Hock Tan said Q3 AI revenue should reach $16 billion, and Q2 AI bookings hit over $30 billion against that $10.8 billion shipped. That backlog is the tell.
NVIDIA’s Q1 FY2027 was larger in absolute terms: revenue of $81.61 billion with a Data Center segment of $75.25 billion, up 92%. Jensen Huang framed it as “the largest infrastructure expansion in human history.” The scale is stunning, but growth is decelerating relative to Broadcom’s smaller,…
