By IPO Edge
Publication Date: 2026-06-10 21:41:00
Is Broadcom (AVGO) the Other AI Trade?
By IPO Edge Editorial Staff
Broadcom’s (AVGO) AI business is growing faster than almost anyone expected.
Last quarter, AI semiconductor revenue hit $10.8 billion, up 143% year over year. Management expects that to reach $16.0 billion this quarter, a jump of more than 200%.
That is the kind of number that gets noticed.
Broadcom landed third among semiconductor searches by financial pros last month, behind only NVIDIA and Micron, according to our TrackStar data.
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Highlights: Tech Edge at Pax8 Beyond 2026 in Salt Lake City
The stock isn’t cheap. But the growth is real, the cash flow is enormous, and the AI story is just getting started.
Here’s our take.
Broadcom’s Business
Broadcom designs the custom chips and networking gear that move data inside the world’s largest data centers.
What sets it apart is range. The company holds roughly 18,000 patents across 24…