$AVGO

Broadcom (AVGO) announced Anthropic as a major customer, with the AI firm's revenue surpassing $65B annually. Broadcom expects AI semiconductor revenue to reach $115B in 2027 and $230B in 2028, driven by deployments across six XPU customers. Wall Street maintains a 'Strong Buy' consensus for AVGO, with an average target price of $523.53, implying a 44% upside.

Broadcom shares fell 2.6% to $354.99 after a report indicated China is reviewing its networking switches' presence in state-owned data centers, raising concerns about potential policy-driven displacement. The review is part of China's campaign to adopt domestic semiconductors. Investors are also worried about potential antitrust scrutiny. The decline occurred amid a broader tech sector downturn due to rising U.S. Treasury yields.

Broadcom Inc. affiliate D95GT, LLC plans to sell 631,972 common shares, valued at $225M, on or around September 23, 2026, according to a regulatory filing. The shares are 'Founders Shares' acquired in 1991, with Northern Trust Securities, Inc. acting as broker. The sale is subject to Rule 144 regulations.

Broadcom CEO Heng Sweet Tan reaffirmed a $350B outlook, emphasizing strong demand for AI inference products. The company is partnering with Alphabet, OpenAI, and Anthropic on inference-optimized chips, positioning it for growth in AI inference. However, calls to slow AI development may impact training compute demand, posing a risk to Broadcom's business.

Broadcom Inc. (AVGO) disclosed that the Samueli Foundation plans to sell 72,474 shares, valued at $25.8M, with Northern Trust Securities as the broker. The sale is scheduled for approximately September 23, 2026. The shares originate from D95GT LLC, acquired as a gift in 1991. The filing also lists prior sales by various entities, including the Samueli Foundation and D95GT LLC.

Broadcom Inc. (AVGO) investor H&S Investments I, LP plans to sell 70,218 shares, valued at $25M, on September 23, 2026. The shares are restricted stock units acquired between 2016 and 2022. Other recent sales by the investor and related entities are also noted.

China's SASAC surveyed state-owned data centers and found Broadcom switches have a 90% penetration rate. SASAC may issue guidance to reduce Broadcom's presence, supporting China's domestic chip campaign. Broadcom's revenue from China was $10.9B in FY2025, down from 20%. Goldman Sachs projects significant growth in China's domestic AI chip market.

Texas Instruments (TXN) offers a 2.07% dividend yield, nearly triple Broadcom's (AVGO) 0.72%, with a longer dividend growth history. AVGO, however, shows faster cash flow growth, lower capital expenditure, and a cheaper valuation. Over 10 years, AVGO's total return is 2,678% vs. TXN's 413%.

China's SASAC is investigating state-owned data centers' use of Broadcom switches, finding 90% penetration. This could lead to reduced reliance on Broadcom, benefiting domestic players like Huawei, H3C, and Ruijie. The move aligns with China's 'domestic chips for domestic use' policy, aiming to boost local semiconductor adoption.

Broadcom (AVGO) stock fell 0.3% premarket after a Financial Times report stated Chinese authorities are auditing its networking hardware in state-backed data centers, aiming to reduce reliance on foreign tech. The survey found Broadcom switches may account for 90% of hardware used by state-owned firms, potentially leading to reduced usage. Huawei and other Chinese suppliers could benefit. Retail sentiment on AVGO remains bearish.