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The semiconductor industry is expected to grow roughly 30% toward its first $1 trillion in global sales in 2026, with AI semiconductor sales alone anticipated to expand by over 50% year-over-year (YOY). In that kind of setup, Broadcom (AVGO) stands out as an important name in custom AI chip design, mainly through its Application-Specific Integrated Circuit (ASIC) business that supplies hyperscalers like Alphabet's (GOOGL) Google, Meta Platforms (META), and OpenAI.
On Jan. 14, Cathie Wood's Ark Invest added 143,089 shares of Broadcom valued at approximately $50.74 million across its Ark Innovation (ARKK) and Ark Next Generation Internet (ARKW) exchange-traded funds (ETFs). The buy came after AVGO stock fell 4% that day, which fits Wood’s usual approach of stepping in when strong companies pull back.
