By Leo Miller
Publication Date: 2026-10-26 12:00:00
Despite Broadcom NASDAQ: AVGO expecting its AI semiconductor sales to nearly quadruple over its next two fiscal years to $230 billion, the stock’s outlook faces risks.
Broadcom Today
As of 10/23/2026 04:00 PM Eastern
- 52-Week Range
- $289.96
▼
$495.00
- Dividend Yield
- 0.81%
- P/E Ratio
- 41.08
- Price Target
- $529.17
The firm expects Anthropic to become its largest XPU customer next year and OpenAI its second-largest by fiscal year 2028 (FY2028). While growing demand from both companies is driving this shift, another factor is less encouraging: Alphabet NASDAQ: GOOGL is diversifying its tensor processing unit (TPU) suppliers, potentially reducing its reliance on Broadcom.
Broadcom has now confirmed that another chip design company will be a part of Alphabet’s TPU development, taking market share in a program that Broadcom has long dominated. Related to this is the customer-owned tooling…