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Broadcom reported an increase of 221% in its Artificial Intelligence (AI) Chip Sales, reaching $16.7 billion during its latest fiscal quarter. This growth reflects the ongoing expansion of artificial intelligence development and Broadcom’s expanding presence in the computing unit sector. However, the market reaction to this news was negative, and Broadcom's stock has performed poorly in 2026, trading barely above zero.
Broadcom is partnering with several AI hyperscalers and frontier labs to design application-specific integrated circuits (ASICs) – accelerator chips tailored for a narrow range of AI workloads. Key clients include Anthropic, OpenAI, Alphabet, and Meta Platforms, with Alphabet representing the largest client utilizing its Tensor Processing Unit (TPU). Broadcom anticipates revenue rising by approximately 93% year over year to $34.8 billion for fiscal Q4, following an expected overall revenue soar of 86% and a rise in diluted earnings per share (EPS) of 96%.
Broadcom is partnering with several AI hyperscalers and frontier labs to design application-specific integrated circuits (ASICs) – accelerator chips tailored for a narrow range of AI workloads. Key clients include Anthropic, OpenAI, Alphabet, and Meta Platforms, with Alphabet representing the largest client utilizing its Tensor Processing Unit (TPU). Broadcom anticipates revenue rising by approximately 93% year over year to $34.8 billion for fiscal Q4, following an expected overall revenue soar of 86% and a rise in diluted earnings per share (EPS) of 96%.