Broadcom's Artificial Intelligence (AI) Chip Sales Surged 221% to $16.7 Billion Last Quarter: Is the Stock a Screaming Buy Right Now?
Broadcom exceeded its fiscal Q3 guidance by a wide margin.
Overview
Broadcom (NASDAQ: AVGO) just announced some simply incredible news: Its AI semiconductor revenue grew at a 221% pace to $16.7 billion during its latest fiscal quarter. That showcases both that the AI build-out is far from over and that Broadcom's computing units are gaining more traction.
Yet the market's reaction to the quarterly report wasn't great, and the stock has been a dud in 2026. After the post-earnings sell-off, it's barely in positive territory for the year. However, it's hard to ignore this growth rate. Investors should consider scooping up shares now, as I think Broadcom stock is a sleeping giant that could be awakened in the near future.
Image source: The Motley Fool.
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Originally published at www.fool.com.