By TradingView
Publication Date: 2026-04-16 19:00:00
With the advent of artificial intelligence (AI), NVIDIA Corporation NVDA has witnessed strong gains driven by incessant demand for its next-generation chips and graphics processing units (GPUs).
However, two semiconductor players, Broadcom Inc. AVGO and Micron Technology, Inc. MU, have recently outperformed NVIDIA, gaining 130.4% and 561%, respectively, over the past year compared to NVIDIA’s gain of 95.4%. Both companies appear to be in a good position for further upside. Here’s why they are strong buys this year –
AI Growth and Key Partnerships Back Broadcom’s Solid Outlook
Banking on rising AI demand, Broadcom posted a consolidated revenue of $19.3 billion in the fiscal first-quarter 2026 and expects about $22 billion in fiscal second-quarter 2026, indicating its strength as a dominant infrastructure player capable of maintaining growth despite its massive size, according to investors.broadcom.com.
Broadcom is growing in strength, mostly due to the company’s AI…
