By Simply Wall St
Publication Date: 2026-03-08 23:09:00
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide.
-
Broadcom (NasdaqGS:AVGO) laid out a multi year AI roadmap, including a target of more than $100b in AI chip revenue by 2027.
-
The company reported shipment of what it calls the industry’s first 2nm custom compute SoC built on its 3.5D XDSiP platform.
-
Broadcom highlighted multiyear custom chip partnerships with OpenAI, Google, Meta and Anthropic, alongside new buyback plans and secured supply arrangements through 2028.
Broadcom is putting AI at the center of its strategy, on top of a share price of $330.48 and a 3 year return of 462.2%. The stock is up 3.4% over the past week and 71.0% over the past year, alongside a 0.7% decline over 30 days and a 4.9% decline year to date. For investors tracking AI infrastructure, this combination of recent performance and new product announcements makes AVGO a notable name to watch.
What…
