Broadcom (NASDAQ:AVGO) just booked $16.7 billion of AI chip sales in a single quarter. In fiscal Q3 2026, AI semiconductor revenue was up 221% from a year earlier, and management guided to $21.7 billion for fiscal Q4, a 236% increase. Most people have never heard of Broadcom, but its chips sit inside the networks and data centers they rely on every day. The company designs custom AI accelerators (chips built to a customer's specifications) and networking silicon for the largest cloud companies, and it sells infrastructure software, including VMware, to big enterprises. Semiconductors made up 70% of fiscal Q3 revenue. The business is clearly booming.
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