Broadcom bets big on AI demand, echoing Dell and Nvidia’s rally

Broadcom delivered a strong earnings beat with revenue of $29.59 billion (up 86% year over year) and adjusted EPS of $3.32 (up 96%), driven by hyperscaler demand for AI chips and networking gear. The company forecast a massive AI semiconductor footprint, citing roughly $350 billion in chip shipments to six hyperscalers over the next two years, a bullish stance similar to recent moves by Dell and Nvidia. Despite the results, Broadcom’s stock traded lower in premarket action as investors digest the outlook; JPMorgan maintained a positive view on AVGO.