We just covered the 10 Best Stocks to Buy Right Now According to AI and Broadcom Inc. (NASDAQ:AVGO) ranks 2nd on this list.
Broadcom Inc. (NASDAQ:AVGO) is a diversified technology leader that designs, develops, and supplies a broad range of semiconductor and infrastructure software solutions
The company’s semiconductor division focuses on complex digital and mixed-signal complementary silicon devices, holding dominant market positions in wireless communications, data center networking, and custom application-specific integrated circuits (ASICs), which Broadcom categorizes as custom XPUs. Broadcom’s infrastructure software business, significantly strengthened by its acquisition of VMware, provides enterprise clients with critical virtualization, cybersecurity, and cloud management platforms. Broadcom Inc. (NASDAQ:AVGO) had a stellar fiscal Q1 2026 earnings report.
Total revenue reached a record $19.3 billion, up 29% year-over-year, driven by a 106% explosion in AI semiconductor revenue to $8.4 billion. The firm posted an adjusted EBITDA of $13.1 billion, or 68% of revenue, alongside a consolidated operating margin of 66.4%. Investors are highly enthusiastic about Broadcom’s $73 billion AI backlog and its multi-year custom silicon partnerships with hyperscalers like Google and Meta.