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Broadcom’s AI Partnerships and Growth
Broadcom is collaborating with Alphabet’s Google Cloud to co-design custom artificial intelligence (AI) chips, with discussions of a similar partnership with Microsoft underway. Wall Street projects Broadcom’s revenue will grow by 36% by fiscal 2027, following a year-over-year increase to $59.9 billion, which represents a 28% growth.
Currently trading at 100 times trailing earnings and 31 times sales, Broadcom’s stock is considered expensive yet potentially undervalued due to its growth trajectory. In the last 52 weeks, Broadcom’s stock has significantly outperformed Nvidia’s, further solidifying its position in the AI chip market.
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