Broadcom Shares Surge on New AI Chip Customer Announcement. Is It Too Late to Buy the Stock?
The Motley Fool·2025-09-09 16:54
OpenAI is expected to be its newest AI chip customer.Broadcom (AVGO 3.05%) shares surged following its fiscal Q3 earnings report after the company revealed that it has a new $10 billion custom artificial intelligence (AI) chip customer. While Broadcom did not immediately identify the new customer, Wall Street analysts predict it is likely OpenAI.With the stock trading up more than 45% on the year, let's take a closer look at Broadcom's most recent results and future AI opportunities to see whether it's too ...