Rising AI spending from Big Tech has sharpened focus on the firms that supply infrastructure. Among them, Broadcom stands out as the main supplier of custom silicon for Google’s AI data centers. The company builds the tensor‑processing units (TPUs) that power Google’s compute workloads.

Jordan Klein of Mizuho TMT notes that Google’s $180 B capex guide is heavily weighted toward servers, with roughly 60 % earmarked for compute. That translates into a steady stream of TPUs and networking gear from Broadcom, whose ASIC business is expanding beyond Google to customers like Anthropic.

Broadcom’s role extends into the networking layer that stitches data‑center racks together. As AI workloads grow, demand for high‑speed interconnects rises, positioning Broadcom as a critical supplier. Investors eye the company’s ability to capture a larger slice of the expanding AI infrastructure market.

Analysts label the current valuation of Broadcom a rare “gift” for long‑term holders, citing the company’s low $300s share price and robust earnings. The upside hinges on sustained capex from tech giants, but patience is required as the firm navigates a competitive silicon race.