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Broadcom (AVGO) has weathered its share of turbulence this year, first from the emergence of Chinese startup DeepSeek’s competing artificial intelligence (AI) model, then from market jitters tied to tariff threats under President Donald Trump that shook the broader chip sector. Yet, the stock has managed to hold firm. The company’s deep entrenchment in AI data center infrastructure, with heavyweight clients such as Alphabet (GOOGL), Meta (META), and TikTok’s parent company, ByteDance, continues to anchor its relevance.
It’s also developing AI inference chips for the likes of ChatGPT maker OpenAI and Apple (AAPL), adding further weight to its positioning. In fact, its most recent earnings reported in March not only topped Wall Street expectations, but also showcased growing momentum in its AI business, a development that certainly caught investors’ attention. So, with Broadcom now gearing up to report its fiscal second-quarter results on June 5, the spotlight is back on the stock for a closer evaluation.