Broadcom AVGO

Broadcom Inc. has achieved remarkable growth with $8.4 billion in AI chip revenue for Q1 2026, reflecting a 106% year-over-year increase and a subsequent 115% rise in its stock value. The company's burgeoning demand for AI semiconductors, spurred by key clients like Meta Platforms and OpenAI, has solidified its aim of surpassing $100 billion in AI sales by 2027. Analysts predict that Broadcom's profitability could double within two years, bolstered by enhancements to its infrastructure offerings, including VMware Cloud Foundation 9.1. Previously, the company had been positioned to capture a dominant share of the custom AI chip market, targeting up to 80% of the sector by 2033.