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Broadcom Reports Significant Growth Driven by AI Demand
Broadcom (NASDAQ: AVGO) has seen its stock rise 51% year-to-date as of October 17, outperforming the S&P 500’s 13% increase. The company is experiencing a surge in revenue, particularly from its custom AI accelerators, which generated $5.2 billion in Q3 2025—a 63% year-over-year increase. Broadcom currently has an order backlog exceeding $110 billion.
On October 13, Broadcom announced a partnership with OpenAI to provide 10 gigawatts of custom AI accelerators, adding to its relationships with major hyperscalers like Alphabet, Meta Platforms, and ByteDance. Despite speculation over a mystery customer responsible for $10 billion in orders, Broadcom clarified that this customer is not OpenAI.
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