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Key Highlights on Broadcom’s Recent Developments
Broadcom (NASDAQ: AVGO) announced that Apple has committed to spending over $30 billion on custom Broadcom-based chips and wireless connectivity technologies over the coming years. This deal includes a $1.5 billion investment to expand and modernize a facility in Fort Collins, Colorado, focused on advanced radio frequency components.
Despite a challenging year, with the stock up around 15% but nearly 20% off its highs, Broadcom maintains a strong outlook. The company projects its custom chip revenue could exceed $100 billion by fiscal 2027, a significant jump from $64 billion in fiscal 2025. Analysts from Citigroup have further estimated that AI revenue may surge to $180 billion by 2028.
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