Nvidia and Broadcom’s AI Revenue Surge
Nvidia reported an 85% year-over-year revenue increase, totaling $81.6 billion for its fiscal first quarter ending April 26, 2026. Its data center business grew 92%, reaching $75.2 billion. In contrast, Broadcom’s AI semiconductor revenue surged 143% to $10.8 billion in its fiscal second quarter ending May 3, 2026, with total revenue rising 48% to $22.2 billion.
Despite Broadcom’s record results, its stock fell post-earnings report on June 3, 2026, as management reaffirmed its AI revenue guidance rather than raising it. Meanwhile, Nvidia’s shares, trading at a forward price-to-earnings ratio of about 25, approach their 52-week high. Broadcom’s stock trades at a ratio of about 27, reflecting high investor expectations amidst its growing AI business.
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