tech
Broadcom earnings could breathe new life into the chip rally
Analysts are eyeing custom artificial intelligence chip demand.
TL;DR
- Broadcom's earnings report is expected to influence the chip sector rally.
- Hyperscalers and companies like Anthropic and OpenAI rely on Broadcom's ASICs.
- Analysts anticipate Broadcom will surpass revenue estimates.
- Broadcom shares have outperformed Nvidia in 2026.
- AI revenues for Broadcom are projected to be significant, with ASICs forming a large part.
- Deals with Alphabet and Anthropic are crucial indicators of AI chip demand.
- Analysts are bullish on the TPU-related supply chain, including Broadcom.
- Some analysts recommend focusing on larger AI players like Broadcom amidst supply shortages.