Broadcom shares surged 15% after announcing a $10 billion order from a new customer for custom AI chips. CEO Hock Tan revealed the order on an earnings call, pointing to OpenAI as the likely customer. The order is expected to significantly boost Broadcom’s AI revenue next year, with shipments starting in 2026. Analysts anticipate a 76% growth in AI revenue for next year, reaching a total of $35 billion. Total revenue for 2026 is forecasted to increase to $81.8 billion. The company’s stock has soared over 130% in the past year, reaching a market cap of $1.6 trillion. Analysts are optimistic about Broadcom’s future growth prospects in the AI chip market.

Read more at CNBC: Broadcom stock pops on $10 billion customer analysts say is OpenAI