By David Sekera, CFA William Kerwin, CFA
Publication Date: 2026-09-24 00:00:00
Key Takeaways
- Broadcom’s AVGO key business lines.
- XPUs, GPUs, TPUs: What’s the difference?
- Where the relationship with Alphabet GOOGL may be headed—and what it could mean for Broadcom’s future.
- Who Broadcom’s competitors are today and what threat they pose.
- The potential impact of artificial intelligence regulation.
- Morningstar’s forecasts for Broadcom’s revenue, earnings, and profit margins.
In this bonus episode of The Morning Filter podcast, co-host Dave Sekera sits down with senior analyst William Kerwin to talk about Broadcom. They unpack the company’s three key business buckets—XPUs, networking chips, and software—and break down the company’s relationships with major customers like Alphabet, Anthropic, OpenAI, and Meta Platforms META. They also discuss the mix shift of AI spending over time, what that shift will mean for Broadcom’s business, and how Broadcom stacks up against its competitors.
