Broadcom Surges Ahead of Q2 Earnings, Analysts Project Custom Ch

June 3 – Broadcom (AVGO, Financial) shares climbed about 3% Monday after Morgan Stanley suggested the chipmaker may hit an inflection point in its custom silicon business, according to a Monday research note.

Analyst Joseph Moore said Broadcom’s ASIC revenue this year will be led mainly by Alphabet (GOOGL, Financial), a mature customer with moderate growth expectations. He noted Meta (META, Financial) and ByteDance also ship in volume, but their 2025 contributions will likely be modest.

Moore,…