By Jeremy Phillips
Publication Date: 2026-03-06 16:17:00
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Broadcom (AVGO) rose 3.44% to $332.77, AI revenue hit $8.4B up 106%, Q2 AI guidance is $10.7B. Nvidia (NVDA) reported revenue of $68.13B up 73%, Data Center revenue of $62.31B, but shares fell.
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Broadcom’s CEO gave investors a concrete $100B AI chip revenue target by 2027 with OpenAI as a customer, providing the narrative clarity Nvidia couldn’t deliver despite strong results.
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The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE.
CNBC’s Kristina Partsinevelos put it plainly after Broadcom (NASDAQ:AVGO) reported earnings this week: “Broadcom just did what Nvidia couldn’t explain.”
That’s the whole story. But let’s unpack why it matters.
Nvidia (NASDAQ:NVDA) reported what should have been a celebration. Revenue hit $68.13 billion, up 73% year-over-year. Data Center alone generated $62.31 billion. The stock still fell. Partsinevelos nailed the reason: “Every single person knows Nvidia now, and it takes more than a beat to just move the needle.”
READ: The analyst who called NVIDIA in 2010 just named his top 10 AI stocks
When ownership saturation is this extreme, the bar isn’t “beat estimates.” The bar is “change the narrative.” Nvidia didn’t do that. Broadcom did.
Broadcom’s CEO delivered something investors rarely get: a concrete number with a timeline. Hock Tan gave investors a clear line of sight to more than $100 billion in AI chip revenue by 2027. He also confirmed OpenAI as a customer and told the…
