Broadcom’s AVGO Surge Caps Record $1.1 Trillion AI Chip Quarter

Broadcom’s AVGO Surge Caps Record $1.1 Trillion AI Chip Quarter

Broadcom’s AVGO stock skyrocketed 15% in after-hours trading after the company posted a record $1.1 trillion in AI chip revenue, shattering analyst estimates and cementing its dominance in custom silicon for Big Tech data centers. The surge—fueled by massive orders from Meta and Google—pushed Broadcom’s market cap past the $1 trillion mark, making it the world’s third-most-valuable semiconductor firm. CEO Hock Tan confirmed that AVGO’s AI segment now accounts for 40% of total sales, up from 20% last year, signaling an irreversible shift in enterprise infrastructure spending. With margins hitting a historic 78%, investors are betting that AVGO will outpace Nvidia in the next 12 months as cloud giants pivot to in-house chip designs.