Broadcom’s AI Revenue Surges 221%, But is Growth Becoming Too Dependent on AI Spending?

Broadcom's most interesting number this quarter was not its earnings per share. It was the speed at which customers bought more of its custom AI chips. Management reported AI semiconductor revenue of $16.7 billion, a 221% increase from the previous year. Just three months earlier, the same business had brought in $10.8 billion. Broadcom Inc. (NASDAQ:AVGO) is benefiting from the expansion of AI computing without having to build the data centers itself. Whether customers can keep spending at this pace is another matter. Also take a look at: 12 Best NASDAQ Growth Stocks to Buy Over the Next 5 YearsBroadcom (AVGO) Went Nowhere for a Year.