Despite Broadcom (NASDAQ: AVGO) expecting its AI semiconductor sales to nearly quadruple over its next two fiscal years to $230 billion, the stock’s outlook faces risks.
The firm expects Anthropic to become its largest XPU customer next year and OpenAI its second-largest by fiscal year 2028 (FY2028). While growing demand from both companies is driving this shift, another factor is less encouraging: Alphabet (NASDAQ: GOOGL) is diversifying its tensor processing unit (TPU) suppliers, potentially reducing its reliance on Broadcom.
