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Broadcom designs chips for Google, Meta, and OpenAI, beats earnings quarter after quarter, and still trades at a discount to the broader market. Here is the specific scenario where all of that adds up to a stock that more than doubles the Wall Street consensus.
TSMC is the world's largest semiconductor foundry, which gives it immense pricing power.
Broadcom, the custom-silicon and infrastructure-software supplier NASDAQ:AVGO, projected fourth-quarter AI semiconductor revenue of $21.7 billion, with shares up approximately 3.5% to $355.53 around 12:31 p.m. ET Friday. That forecast adds $5 billion to the previous quarter's AI sales. The growth e…