This AI Chipmaker Looks Like a Bargain With AI Revenue Set to Double Again Next Year

Broadcom, a leading ASIC chip designer, expects its AI semiconductor revenue to double in fiscal 2027 and double again in fiscal 2028. Despite impressive business fundamentals with 48% overall revenue growth and 88% net income growth in Q2 2026, the stock has underperformed the S&P 500, trading at a low 19x forward P/E ratio that doesn't reflect its strong growth prospects.