By Alex Sirois
Publication Date: 2026-09-15 15:15:00
Everyone talks about one AI chip company, but a quieter rival is printing cash, slashing debt, and locking in the hyperscalers designing around it, and the recent pullback just made the case stronger.
I keep hitting the buy button on Broadcom (NASDAQ:AVGO | AVGO Price Prediction), and September’s pullback just handed me another reason to do it again. The stock is down 12.28% over the past month and essentially flat year to date at $344.72, while the business underneath it just posted the quarter of a lifetime. That gap is where my conviction lives.
Why I Keep Adding at These Prices
My thesis is simple. Broadcom is quietly becoming the plumber for the AI build-out that everyone else rents from a single GPU vendor. When a hyperscaler decides its own workloads deserve their own silicon, they call Hock Tan. Custom accelerators are a different business than merchant GPUs, and I want to own it for the next decade.
The Q3 FY2026 numbers make the case without me embellishing anything….
