Quick Read – AVGO’s AI chip revenue surged 143% to $10.8B, while QCOM trades at 23x earnings with a new hyperscaler silicon deal set to ship this year. – Qualcomm’s $20B buyback and June 24 Investor Day serve as near-term catalysts against Broadcom’s 13.66% post-earnings drop…
spite record results. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Broadcom didn’t make the cut. Grab the names FREE today
Broadcom (NASDAQ:AVGO) and Qualcomm (NASDAQ:QCOM) just gave investors two different reads on the AI chip economy. Broadcom posted a record quarter driven by custom AI silicon for hyperscalers. Qualcomm beat estimates while nursing a handset slump, leaning on automotive growth and a fresh data center engagement.
Both stocks fell last week, making the $25,000 question worth asking now. AI Silicon Carries Broadcom. Cars and Licensing Carry Qualcomm.