By Michael Douglass
Publication Date: 2026-11-09 20:45:00
Key Takeaways
- Google unveiled two new versions of its TPUs today, and Bloomberg Intelligence expects TPU sales to grow from about $12 billion this year to more than $135 billion by 2028.
- Broadcom helps design the TPUs and has a deal to supply them and their networking through as late as 2031, so it has far more riding on that forecast than Alphabet does.
- Broadcom’s AI semiconductor revenue was $16.7 billion in its latest quarter, but management expects Google to use other suppliers too, and MediaTek is building a version of Google’s next TPU.
- Broadcom rose today along with other Nvidia rivals, and its forward P/E is still well below its 5-year average.
Alphabet (GOOG) just launched two new versions of its TPUs, and Bloomberg Intelligence expects sales of the chips to top $135 billion by 2028.
The company with the most to gain from that is Broadcom (AVGO). It helps design the TPUs and has a deal to supply them and their networking through as late as…
