By Aditya Raghunath
Publication Date: 2026-06-09 20:33:00
When a Wall Street heavyweight tells you a $1.8 trillion company still looks cheap, it’s worth slowing down to understand why.
That’s roughly the message coming out of JPMorgan (JPM) this month. Fresh off Broadcom’s latest earnings, the bank didn’t just nudge its outlook higher. It made a statement.
And for everyday investors trying to figure out whether the AI trade has more room to run, this price reset matters.
Broadcom (AVGO) has quietly become one of the most important names in the artificial intelligence (AI) buildout, and its numbers are hard to ignore.
Why Broadcom became a quiet AI powerhouse
Broadcom designs custom AI chips, called XPUs, for a handful of the world’s largest tech companies.
Think of it as a master tailor of silicon, building made-to-measure processors that Google, Meta, and others can’t easily buy off the shelf.
It also makes the networking gear that ties thousands of these chips together inside data centers.
That second piece is…
