Broadcom exceeded expectations with strong fiscal fourth-quarter results, including an impressive USD 11 billion AI chip order from Anthropic. The company’s AI chip business is booming, with Google as a lead customer and new customers driving immense demand. Broadcom’s fair value estimate has been raised to USD 480 per share, offering investors a prime opportunity to capitalize on its AI success. Despite concerns about gross margin dilution and AI backlog targets, the company is expected to see a significant revenue surge in the second half of fiscal 2026, with total AI chip revenue more than doubling.

Read more at Morningstar: Broadcom Earnings: Buy the Dip Before the Rocket Takes Off