Broadcom's AI Chip Powerhouse

Broadcom, a $1.6 trillion AI chip giant, has surged 54% in a year by focusing on billion-dollar deals with major customers like Google, Meta, and Amazon. With a $73 billion AI order backlog, Broadcoms AI sales skyrocketed 65% to $20 billion in fiscal 2025. Wall Streets top investors, including Grantham, Renaissance Technologies, Two Sigma, and Bridgewater, bought Broadcom shares despite Grantham calling AI a bubble. JPMorgan raised its price target, predicting a doubling of AI revenue in Q1 2026. Broadcoms locked-in contracts give it a strong edge in the AI race, with CEO targets of over $120 billion by 2030.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.