Key Points
-
OpenAI and Broadcom launched Jalapeño, OpenAI’s first custom AI chip, on June 24, 2026.
-
Broadcom forecasts its AI chip revenue will exceed $100 billion in fiscal 2027.
-
Nvidia reported a quarterly revenue of $75.2 billion, signaling robust demand for AI hardware.
OpenAI and Broadcom introduced Jalapeño, marking OpenAI’s entry into custom AI chip development, aimed at deploying 10 gigawatts of AI accelerators between 2026 and 2029. This move is seen as a competitive challenge to Nvidia, which continues to dominate the market.
In Q2 2026, Broadcom’s AI semiconductor revenue surged 143% year-over-year to $10.8 billion, with AI orders exceeding $30 billion in the same timeframe. In contrast, Nvidia’s fiscal Q1 2027 revenue skyrocketed 85% year-over-year to $81.6 billion, illustrating the fierce competition in the rapidly growing AI market.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
