Broadcom Inc. (NASDAQ:AVGO) is one of the best growth stocks to buy according to billionaire Dan Loeb. On June 17, JPMorgan ****** yst Harlan Sur reiterated an Overweight rating and a $580 price target on Broadcom Inc. (NASDAQ:AVGO). Sur used the opportunity to push back against growing market fears that Broadcom's AI chip project with Google had hit serious roadblocks.
Photo by JESHOOTS.COM on Unsplash
According to the ****** yst, the concern arose from reports suggesting delays in Broadcom's TPU v9 2nm chip program. The chip is a next-generation artificial-intelligence accelerator being developed for Google. Sur found those fears to be unfounded, stating that the TPU v9 program remains one of Broadcom's highest-priority projects. The project is also firmly on schedule for a 2028 production ramp, with no delays or cancellations confirmed, Sur stated.
For context, Broadcom completed the initial IP design phase in the first half of 2025 and moved into full system-on-chip design in the second half. The chip features four compute dies, 16 High Bandwidth Memory stacks, and 400Gbps SERDES. This combination aims to handle the enormous data demands of next-generation AI workloads.
The ****** yst noted that even before the v9 story plays out, Broadcom's TPU v8i 3nm chip received full qualification from Google by mid-2025 and is set to begin production ramping this quarter. In contrast, Google's internal chip team, which is working alongside MediaTek on the rival Zebrafish TPU v8t 3nm program, is still in the design optimization phase. This gap, the ****** yst said, translates to an 18-month head start for Broadcom.
Photo by JESHOOTS.COM on Unsplash
According to the ****** yst, the concern arose from reports suggesting delays in Broadcom's TPU v9 2nm chip program. The chip is a next-generation artificial-intelligence accelerator being developed for Google. Sur found those fears to be unfounded, stating that the TPU v9 program remains one of Broadcom's highest-priority projects. The project is also firmly on schedule for a 2028 production ramp, with no delays or cancellations confirmed, Sur stated.
For context, Broadcom completed the initial IP design phase in the first half of 2025 and moved into full system-on-chip design in the second half. The chip features four compute dies, 16 High Bandwidth Memory stacks, and 400Gbps SERDES. This combination aims to handle the enormous data demands of next-generation AI workloads.
The ****** yst noted that even before the v9 story plays out, Broadcom's TPU v8i 3nm chip received full qualification from Google by mid-2025 and is set to begin production ramping this quarter. In contrast, Google's internal chip team, which is working alongside MediaTek on the rival Zebrafish TPU v8t 3nm program, is still in the design optimization phase. This gap, the ****** yst said, translates to an 18-month head start for Broadcom.
4 months ago
