Overview
- Nvidia posted record fiscal Q2 2026 revenue of $46.7 billion, including $39 billion from data centers, and guided to $54 billion next quarter.
- Broadcom reported record Q3 revenue of $15.9 billion, with AI-specific sales up 63% to $5.2 billion and semiconductor revenue rising 26% to $9.2 billion.
- XPUs accounted for 65% of Broadcom’s AI revenue in Q3 as three hyperscale customers pushed for compute self‑sufficiency.
- Broadcom says it secured a $10 billion order for AI racks from a fourth, unidentified customer after speculation incorrectly pointed to OpenAI.
- Investors are weighing energy‑efficient, task‑specific ASICs against Nvidia’s flexible GPUs, with Broadcom shares up 96% over the past year versus 33% for Nvidia.