Broadcom

News · last 7 days

Broadcom fell 3% to $356.22 on the day after a print that beat on every headline number, because a $34.8bn Q4 guide missed a $35.03bn consensus by under 1%. 2026-09-03
Hock Tan said Broadcom shipped Jalapeño — OpenAI's custom accelerator — in production during fiscal Q3, that the second-generation part is "approaching tape-out," and that Broadcom now has "six XPU customers." 2026-09-02
Broadcom's AI semiconductor revenue nearly tripled to $16.7bn and beat, and the stock still fell 3% because Q4 guidance of $34.8bn missed a $35.03bn consensus by under 1%. 2026-09-02
Nvidia opened higher while the broad market opened lower, which is the first real evidence on what Friday's selloff was actually about. 2026-08-31

Summary

Broadcom has become AI's essential custom-chip partner, co-designing silicon for Google, Meta, OpenAI, Apple, and ByteDance while striking new multi-billion-dollar supply deals with Samsung and Apple.

Broadcom designs custom AI chips for five major customers: Google, Meta, OpenAI, Apple, and ByteDance.
OpenAI's custom chip, code-named Jalapeño and unveiled June 24, is a Broadcom design with no confirmed production date yet.
Apple signed a new custom-chip agreement with Broadcom worth $30 billion through 2031.
Broadcom and Samsung signed a memorandum of understanding worth more than $200 billion through 2030.
Meta extended its custom-chip agreement with Broadcom through 2029, the same week Broadcom CEO Hock Tan stepped down from Meta's board.

Whether AI labs building their own chip-design teams, like Anthropic's new effort, erodes Broadcom's co-design business remains to be seen.

Items this week

Nvidia opened higher while the broad market opened lower, which is the first real evidence on what Friday's selloff was actually about. NVDA opened around $219, up roughly 0.3–0.7% from Friday's $217.55 close, while the S&P 500 fell 0.45% to 7,677, the Dow 0.62% to 53,229 and the Nasdaq 0.43% to 26,290, on the Larak/Jordan/UAE exchange plus continued rate-hike repricing. This thread has carried two competing explanations for Friday's 4.74% Nvidia session — the vendor-financing pullback, or the hawkish Fed repricing. If financing were still the dominant driver, Nvidia would be expected to keep lagging; instead it is the outperformer against a macro-driven dip. ⚠️ One premarket and early session is not conclusive, and Micron, Intel and Broadcom are described in same-day coverage as choppy rather than clean movers either way. (CNBC, Yahoo Finance) 2026-08-31
Hock Tan said Broadcom shipped Jalapeño — OpenAI's custom accelerator — in production during fiscal Q3, that the second-generation part is "approaching tape-out," and that Broadcom now has "six XPU customers." He named only four on the call: Google (Ironwood / TPU v8i), Meta (MTIA), OpenAI, and — counted in its own right for the first time rather than inside Google's TPU line — Anthropic, "on track to become our largest XPU customer" by 2027-28 (1GW in 2026, 5GW in 2027, 10GW+ by 2028) on roughly $21bn of TPU-rack orders this quarter. Apple and ByteDance went unmentioned, so whether Anthropic is the sixth or a true sixth name remains undisclosed; no aggregate backlog figure was given. Two of this thread's three open questions answered, the third not. The financial print — $29.6bn revenue, $16.7bn AI, a sub-1% guide miss and a 3% drop — is in the global-capital digest. (SiliconANGLE, Benzinga, Broadcom release) 2026-09-02
Broadcom's AI semiconductor revenue nearly tripled to $16.7bn and beat, and the stock still fell 3% because Q4 guidance of $34.8bn missed a $35.03bn consensus by under 1%. Total revenue $29.6bn (+86%), adjusted EPS $3.32; Q4 AI revenue guided to $21.7bn (+236%); full-year AI revenue now $58bn, with first-ever multi-year targets of ~$115bn (FY27) and ~$230bn (FY28) that CEO Hock Tan says demand already exceeds — the binding constraint is fab and packaging supply. This is the dispersion The Great Rotation exists to track: proven AI monetization punished the moment forward guidance falls short of a 60x-P/E bar, the same shape as Meta in July. The custom-silicon substance (Jalapeño shipped, "six XPU customers," Anthropic on track to be the largest) is on ASIC Tolls and in the frontier-ai digest. (Broadcom IR, CNBC, Motley Fool) 2026-09-02
Broadcom fell 3% to $356.22 on the day after a print that beat on every headline number, because a $34.8bn Q4 guide missed a $35.03bn consensus by under 1%. The custom-silicon substance — Jalapeño shipped in production, "six XPU customers," Anthropic named as the coming largest — is in yesterday's finalized digest; the market read is in the global-capital digest. (Motley Fool, CNBC) 2026-09-03
Broadcom lost 3% to $356.22 after a quarter in which AI semiconductor revenue nearly tripled to $16.7bn, because the $34.8bn Q4 guide came in under a $35.03bn consensus by less than 1%. Macquarie upgraded the stock on the Anthropic compute ramp the same morning. The dispersion The Great Rotation exists to track: proven monetization punished the moment guidance falls short of a 60x bar, the same shape as Meta in July. Detail in yesterday's finalized digest. (Motley Fool, Broadcom IR) 2026-09-03

Threads

Items this week