Broadcom stock pops on $10 billion customer analysts say is OpenAI
Hock Tan, Broadcom CEO.
Martin H. Simon | Bloomberg | Getty Images
Broadcom After the Chipmaker said that he provided a new customer of $ 10 billion in his call for earnings, stocks increased by 15% on Friday. Analysts quickly pointed to Openai.
After a better earning report than expected late on Thursday, Broadcom CEO Hock Tan said to analysts that a fourth large customer ordered $ 10 billion in the special artificial intelligence chips of the company.
“One of these expectations published production orders to Broadcom, and accordingly, we described them as a qualified customer for XPUs.” He said. The authority added that Broadcom increases AI income forecast for the next year, where postcoms will begin.
Mizuho, Cantor Fitzgerald and Analysts in Keybanc said that they think AI Startup Openai was a customer. Financial times On Thursday, people familiar with partnership, the two companies have designed a chip next year.
Openai refused to comment on the report.
Although Broadcom does not name the large web scale customers, analysts of the first three customers dating back to last year Google– Meta and tiktok parent banda.
“During the call, the analysts in Cantor wrote in a note on Thursday,” During the call, the company surprised us by stating that he gave an order of $ 10 billion (we believe it is Openai) from the fourth XPU customer (we believe it is Openai). ” “Shipments are expected to start in 2026.”
Broadcom’s shares shed a late tears as the company participated Nvidia In front of the race to create processors and infrastructures required for large AI workloads. The stock increased by about 130% last year, and Broadcom’s market value passed at $ 1.6 trillion.
Broadcom for the third quarter of the third quarter, reported earnings and income exceeding estimates. The company said it was higher than $ 17.4 billion in the fourth quarter income, higher than $ 17.02 billion expected by Wall Street analysts, and AI revenue has reached $ 6.2 billion.
However, the news of a $ 10 billion customer with Wall Street excited.
Tan said in the call, “urgent and very important demand” increases the appearance of next year, and really changes our idea of what 2026 will start to resemble. “
The company did not provide a special guidance for the next year, but Tan claimed that the growth in AI could be above the 50% to 60% range offered in the previous call.
Analysts in Mizuho increased AI revenue growth forecasts to 76% for next year, which increased the total to $ 35 billion. According to the analysts participating in the survey by LSEG, total income for the year ending in October 2026 is expected to increase from approximately 30% to $ 81.8 billion in this financial year.
In addition to the equipment, Broadcom has a large -switched software business in 2023 with the purchase of a server virtualization software dealer VMware’s $ 61 billion. The revenue in the infrastructure software containing VMware increased by 43% and $ 6.79 billion.
– Kif Leswing from CNBC contributed to this report.
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