By Danny Vena, CPA
Publication Date: 2026-03-05 07:55:00
The emergence of generative artificial intelligence (AI) was a massive catalyst for Nvidia (NVDA +1.68%). The company has long embraced AI and positioned itself to thrive in an AI-driven future. The company has ridden the AI wave to a $4 trillion valuation, making it the world’s most valuable company.
Yet some investors have a short attention span, chasing the latest shiny object. Others fear that the adoption of AI will inevitably slow, or that the so-called bubble will burst, sending Nvidia stock plummeting. Despite the company delivering record-breaking results, doubts remain.
Broadcom (AVGO +1.19%) just provided the clearest evidence to date that demand for AI continues to accelerate.
Image source: Getty Images.
Like a broken record
Broadcom announced the results of its 2026 fiscal first quarter (ended Nov. 2), and the results were telling. The company delivered record revenue of $19.3 billion, up 29% year over year, driving adjusted earnings per share (EPS) of $2.05, an…
