AVGO

Broadcom

Custom ASIC partner to GOOGL/META; networking silicon.

Last

$396.72

Change

+4.20%

Market cap

$1881.0B

60-day price

Near-term (0-6mo)

Next earnings 6/3 — AI revenue segment (reportedly $4B+/quarter), META ASIC volume ramp, and networking silicon (Tomahawk/Jericho) demand from data center buildouts.

Mid-term (6-24mo)

Custom ASIC business with GOOGL (TPU), META, and potentially MSFT creates a diversified physical compute franchise. Networking silicon is the unsung substrate play — every GPU rack needs Broadcom switches.

Catalysts

Q2 earnings 6/3
META ASIC production ramp
Networking silicon demand from hyperscaler buildouts

Risks

Customer concentration risk (META deal dependency)
GOOGL building more in-house
Advanced packaging capacity shared with NVDA/AMD at TSMC

Options flags

iv_rank_high · Apr 16, 2026

+4.20% today. IV likely elevated. Wait for pullback or sell a call spread instead of buying.

monthly_liquid · Apr 16, 2026

Monthly Apr 16, 2026 chain likely liquid. Prefer ATM/ITM-20 over OTM to force discipline.

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