Broadcom
Networking + custom-silicon — the dark-horse AI play, makes the chips Google and Meta use INSTEAD of Nvidia.
Previous close $417.82
52-week high
$481.57
52-week low
$146.29
YTD change
+13.05%
The 30-second take
Broadcom is the most underappreciated AI play in the megacap range. Two stories: networking ASICs (the Tomahawk switches that sit between AI servers — every hyperscaler buys these) and custom AI accelerators (Google TPUs and Meta MTIA are made by Broadcom). The bull case is Hock Tan's commentary on $60-90B AI revenue opportunity by 2027. In interviews, anchor on: VMware integration progress, custom-silicon customer count (Google, Meta, ByteDance reportedly), and the dividend that distinguishes it from pure-growth AI names.
Historical reference points
Bankers instinctively contextualise today's level against these moments. Each row shows how far the current level is above / below that reference.
- Pre-VMware dealOct 2022$56.00+601.77%
- 10-for-1 splitJul 2024$145.00+171.03%
- $1T market cap dayDec 2024$215.00+82.79%
Compare against
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