(BFM Stock Exchange) – The semiconductor manufacturer has delivered a robust publication and objectives for the current quarter of expectations. According to the Financial Times, Openai is in the starting blocks to produce his chips with Broadcom. The title progresses strongly in Wall Street.

As with Nvidia at the end of August, the publication of Broadcom’s results was eagerly awaited from the markets.

Like the company founded and led by Jensen Huang, Broadcom’s stock market success has its roots in the boom of artificial intelligence. Since the start of the year, its action has won more than 30%, bursting by 100% over one year and 740% over five years.

Bloomberg recalls that Broadcom actions have more than doubled since their April floor. With this dazzling comeback, the company has seen its market value inflate from $ 730 billion, which enabled it to assume the third best performance in the NASDAQ 100 index.

Broadcom’s XPUS processors can indeed constitute an alternative to GPU (graphic processors) of NVIDIA to give the necessary calculation power to the development of large models of AI language (LLM), like Chatgpt or Gemini. Even if these products are not exactly the same.

Oppenheimer’s analysts, cited by Investopedia, even spoke of Broadcom as “IA number 2 franchise behind Nvidia”. And some financial intermediaries consider Broadcom, as the “magnificent eighth”, in the company of the other giants of American tech Nvidia, Microsoft, Amazon, Apple, Meta, Tesla and Alphabet.

Results above expectations

And again, Broadcom benefits at full tube from the high demand for AI. Its results, published Thursday, September 4 after the closure of Wall Street, attest to this.

In the third quarter of its fiscal year 2024-2025, completed in early August, its income jumped 22% over one year at a “record” level of $ 15.952 billion, while AI-related activities soared 63% over a year at 5.2 billion dollars.

“Broadcom recorded a record turnover in the third quarter thanks to the continuous strength of personalized AI accelerators, networks and VMware. IA turnover growth in the third quarter has accelerated to 63 % in annual shift,” said Hock Tan, Chairman and CEO of Broadcom. Its profit per share increased by 36.3% to $ 1.69 against $ 1.24 a year earlier.

According to a consensus quoted by Bloomberg, analysts awaited revenues of $ 15.8 billion and a profit per share of $ 1.67. The income of AI -related activities have also emerged the expectations of analysts who were tabling on 5.11 billion dollars.

For the fourth quarter which will end in early November, Broadcom says to predict an “acceleration of the growth of the turnover of IA semiconductors in the fourth quarter” and aims at 6.2 billion income for this activity. The company cites “massive” investments on the part of its customers, and this new quarter of growth “would represent eleven consecutive quarters of increase in turnover”.

The company has thus reported on revenues of $ 17.4 billion for a consensus housed at $ 17.04 billion. But Bloomberg reports that some projections were closer to $ 18 billion. “Broadcom’s quarterly results initially aroused a mixed reaction from investors, a sign that they expected a larger return linked to the development of the AI,” said the news agency.

The call conference has changed the situation, allowing the capacity to end up in the after-Bourse exchanges. This positive dynamic is confirmed this Friday, September 5, since the action jumps for another 10.7%, after having earned more than 14% and reached a higher historical upper from the opening, at 317.35 dollars.

Bloomberg also recalls that the manager had previously declared that the revenues linked to the AI ​​for financial year 2026 would have growth similar to that of the current year, a rate of 50 to 60 %.

Fleas with Openai

Except that this growth should accelerate even more with the arrival of a new customer. On Thursday, the director general of Broadcom referred to a mysterious “new customer” who undertook to place orders for an amount of $ 10 billion.

And the Financial Times would have a track as to its identity. It would be Openai, the American start-up at the origin of the great models of GPT language and therefore Chatgpt.

The Sam Altman company intends to produce its own chips dedicated to AI next year. They will be designed in partnership with Broadcom, several people close to this collaboration told Financial Times. Neither Broadcom nor Openai wanted to comment on this information.

For Sam Altman’s Society, you are never so well served by yourself. It intends to reduce its dependence to Nvidia fleas and also ensure a comfortable calculation power to train and run its artificial intelligence models.

In early August, Openai launched its new model of artificial intelligence GPT-5, almost three years after the arrival of the Chatgpt conversational robot by the American company.