Overview
- Broadcom reported record fiscal third‑quarter revenue of about $15.9 billion, with AI semiconductor sales up 63% to $5.2 billion and guidance for AI revenue growth above 60% into 2026.
- The company disclosed $10 billion in custom AI‑chip orders and later announced an OpenAI deal to deploy roughly 10 gigawatts of accelerators.
- The stock has jumped since 2023 but is up about 48% year to date after a recent pullback, putting its market capitalization near $1.7 trillion.
- Shares trade at more than 90 times trailing earnings, increasing downside risk if growth or ramp timelines fall short.
- Recent disclosures show purchases by Reps. Cleo Fields, Ro Khanna and Michael McCaul, and institutions such as Polen initiated positions as commentary flags both AI tailwinds and bubble concerns.