Cisco vs. Broadcom: One Stock Looks Like the Better AI Play

Quick Read

• Broadcom’s 23x P/E against 200%+ AI revenue growth undercuts Cisco’s 26x for 15% total growth, making AVGO the sharper AI play over CSCO.

• Cisco’s full-year AI orders hit $9.3 billion, nearly double its $5 billion target, as Chuck Robbins declares an AI-driven networking super cycle.

• Broadcom’s $30 billion AI backlog extends visibility to 2028, but concentration among six hyperscalers remains the single biggest risk to Hock Tan’s $100 billion target.

• The most widely read finance newsletter on Substack isn’t published by a bank, it’s Doomberg, where 383,000+ readers get the energy and macro analysis the mainstream press misses. 24/7 Wall St. readers save 17% on their first year here.

Cisco Systems (NASDAQ: CSCO) and Broadcom (NASDAQ: AVGO) both just closed AI-heavy quarters, and the results sit on opposite ends of the infrastructure boom.

Cisco reported $17.3 billion in Q4 FY2026…