5 September 2026

Broadcom (AVGO) just told investors it has "line of sight" to $115 billion in AI semiconductor revenue in fiscal 2027 — and $230 billion in fiscal 2028. That's after reporting $29.6 billion in quarterly revenue, up 86% year over year, with AI chip revenue up 221% and now 56% of total sales.

So why is the stock down 30% from its 52-week high? Jose Najarro and Rachel Warren break down the customer concentration risk (Anthropic is set to overtake Google as Broadcom's top custom chip customer by 2027), the laser and power supply constraints slowing AI data center buildouts, and why they still see this as a potential buying opportunity.

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Broadcom Inc. (ZAVG.NE)