Overview
- Broadcom shares rose roughly 10%–11% on Monday, marking their best session since April 9.
- Wall Street boosted price targets to $475–$480 and flagged an inflection point for custom AI chips, with Broadcom named a top pick.
- Broadcom has designed and manufactured Google’s tensor processing units since 2016, now in a seventh generation that competes with Nvidia GPUs for AI workloads.
- Jefferies highlighted Google processing about 1,300 trillion tokens in October, up from 480 trillion in April 2025, as evidence of accelerating compute demand.
- Broadcom’s VMware segment generated $6.8 billion in Q3 revenue, up 17% year over year, providing recurring cash flow alongside AI growth.