Broadcom secured a $10 billion

Broadcom secured a $10 billion XPU order, driving a record $110 billion backlog and providing strong topline visibility.

AI semiconductor revenue surged 63% YoY in Q3 to $5.2 billion, with Q4 forecasted at 66% growth.

EBITDA margins remain robust at 65%+, delivering $10.7 billion in adjusted EBITDA and $7 billion in Q3 free cash flow.

Valuation trades at ~50x forward P/E and 26x EV/Sales, significantly above sector medians and historical averages.

Extreme client concentration with top five customers contributing ~40% of revenue creates potential single-point failure risks

OpenAI Family Expanding: Is It A Blessing or A Curse?

OpenAI has been insanely busy lately — one moment it’s doing e-commerce, the next it’s getting into social, and now it’s even launching a browser. It announced plans to deploy 6GW of AMD Instinct GPUs. OpenAI went a step further and partnered with Broadcom to develop custom ASIC chips. Microsoft mainly provides OpenAI’s training compute, while Oracle handles inference workloads. Meanwhile, PayPal officially announced a partnership with OpenAI yesterday — its stock spiked but later gave back most of the gains by the close.

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