22:21:26 EST Fri 06 Mar 2026
Enter Symbol
or Name
USA
CA



Broadcom CDR (CAD Hedged)
Symbol AVGO
Shares Issued 29,400,000
Close 2026-03-05 C$ 12.85
Market Cap C$ 377,790,000
Recent Sedar+ Documents

FP/wire say upbeat Broadcom ready to take on Nvidia

2026-03-06 09:33 ET - In the News

The Financial Post reports in its Friday edition that Broadcom chief executive officer Hock Tan said the company expects its AI chip sales to top $100-billion next year, marking major inroads into territory dominated by Nvidia (all figures U.S.). A Bloomberg dispatch to the Post quotes Mr. Tan telling analysts during a call, "We have line of sight" to reach this milestone in 2027. "We have also secured the supply chain required to achieve this." The company projects that AI chip revenue will be $10.7-billion in the current quarter, so reaching an annual pace of $100-billion would be a major jump. Broadcom posted $20-billion in artificial-intelligence sales in 2025. Broadcom shares rose as much as 4.2 per cent on Thursday after trading got under way in New York. Mr. Tan has increasingly hitched Broadcom's fortunes to AI. Though Nvidia remains the biggest maker of accelerators -- the chips that help train and run artificial intelligence models -- Broadcom has positioned itself as an alternative with its custom-made semiconductors. The company's AI chip targets include both accelerators and networking semiconductors. Broadcom also delivered a better-than-estimated quarterly outlook Wednesday and plans to buy back shares.

© 2026 Canjex Publishing Ltd. All rights reserved.