Broadcom, a publicly owned company headquartered in the US, was founded in 1961 and employs approximately 24,050 individuals. The company reported $63.9B in revenue as of 2025. Broadcom specializes in semiconductor manufacturing, designing, developing, and supplying semiconductor and infrastructure software solutions.
On September 18, 2026, Broadcom indicated a shifting landscape in the AI sector, reporting 221% year-over-year growth in its custom AI chip revenue. CEO Hock Tan stated that Broadcom's TPU v8i matches NVIDIA's Vera Rubin at half the cost, supported by $230 billion in secured AI supply commitments for fiscal 2028. Earlier that day, Jim Cramer highlighted Broadcom on "Mad Money" as a potential long-term investment opportunity, emphasizing its value despite recent volatility in the tech sector. This followed Broadcom's report on September 18 that it had not repurchased shares under two separate buyback authorizations between May 4 and August 2, 2026. The company also launched an exchange offer for its 4.926% notes due 2037 and presented at Goldman Sachs’ Communacopia + Technology Conference. On September 17, Broadcom was identified as a significant generator of AI revenue, earning billions from custom AI accelerators and networking.
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