5 Reasons to Buy Broadcom Stock Before Its Sept. 2 Earnings
Broadcom looks like both a short-term and long-term buy.
1. Broadcom's stock has faced a decline following a strong start to 2026, but its upcoming September 2 earnings report on Wednesday could be a significant boost.
2. The company's primary revenue stream comes from custom AI chips it co-developed with Alphabet, known as Tensor Processing Units (TPUs).
3. Alphabet has been heavily investing in AI infrastructure, with its capital expenditure (capex) budget projected to range between $195 billion and $205 billion.
4. The tech giant has also started selling TPUs to customers outside of Google Cloud, expanding its market reach.
5. In a strategic partnership with Broadcom, Anthropic has placed a TPU order worth $21 billion, along with signing an agreement for future TPU commitments, further driving Broadcom's revenue growth.
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