- Broadcom Inc. is trading 3.7% up today at $15100.00, outperforming a broadly flat-to-mixed technology sector.
- The advance is primarily driven by a highly reassuring research note from JPMorgan, published today, which dismissed market anxieties surrounding Broadcom's critical custom AI silicon partnership with Google.
- JPMorgan confirmed that Broadcom's mass production of Google's advanced TPU v9 chip remains on track for 2028, with a five-year agreement securing revenue visibility through 2031.
- This positive update counters previous concerns about Google potentially diversifying suppliers or developing its own in-house chips more rapidly, reinforcing Broadcom's sustained leadership in AI semiconductors.