Quick Read – Broadcom’s AI semiconductor revenue surged 143% to $10.8B in Q2 FY2026, yet shares tumbled 20% from highs to trade near $398. – Mizuho sees $600B in cumulative opportunity from Google TPU partnerships, potentially pushing Broadcom’s annual AI revenue above $100B by…
28. – Broadcom’s custom ASIC focus delivers stickier, higher-margin revenue than general-purpose GPUs, with a forward P/E of just 20x despite explosive AI growth. – Wall Street periodically hands retail investors moments that separate patient capital from the crowd. Broadcom (NASDAQ:AVGO) delivered solid Q2 fiscal 2026 results last week — revenue of $22.2 billion, up 48% year-over-year, with AI semiconductor revenue hitting a record $10.8 billion, up 143%
Yet shares fell sharply afterward, now down roughly 20% from recent highs around $480 to trade near $398 per share. That pullback creates an entry point if one Wall Street firm’s call proves directionally correct. Mizuho forecasts explosive growth in Google tensor processing unit (TPU)-related opportunities that could reshape Broadcom’s trajectory through 2028.
The TPU Surge Mizuho Sees Coming Mizuho analysts project TPU sales could surge dramatically, potentially reaching over 35 million units in 2028, driven by hyperscaler buildouts. OpenAI’s planned ramp to 10 gigawatts of capacity stands out as a major catalyst. Broadcom’s own MTIA (Meta Training Inference Accelerator) development adds another layer of custom silicon momentum.