Broadcom — Q2 AI $10.7B +140%/Google TPU 2031 Anthropic 3.5GW cyber MSFT/AMZN/Seaport Neutral vs NVDA 2026
Key Questions
What were Broadcom's Q1 and Q2 AI semiconductor results?
Broadcom reported Q1 AI semis at $8.4B (+106%) and Q2 total AI at $10.7B with 68% margins, part of $22B total revenue. FY25 semis projected at $36.9B (+74%).
What are the details on Broadcom's deals with Google and Anthropic?
Google extended TPU thru 2031; Anthropic plans 3.5GW cyber with MSFT/AMZN. These contribute to $80B revenue potential and Hock Tan's $100B '27 target.
How does Broadcom compare to NVIDIA for 2026 investment?
Broadcom offers diversified AI vs NVIDIA's pure-play; Seaport Neutral at 65x P/E after 117% surge (PT $472-480). YTD -9% dip reflects valuation risks but custom ASIC/networking moat sustains appeal.
AVGO Q1 AI semis $8.4B +106% Q2 $22B total AI $10.7B 68% margins; Google TPU extended thru 2031 Anthropic 3.5GW cyber MSFT/AMZN $80B rev pot Hock Tan $100B '27 target FY25 $63.9B rev semis $36.9B +74% AI vs NVDA pure-play 2026 choice; Seaport Neutral 65x P/E after 117% surge vs Wall St Buy PT$472-480 Mizuho; -9% YTD dip amid AI semis valuation risks but custom ASIC/networking moat sustained.