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Broadcom Surges Past $2 Trillion Market Cap, Tops Tesla, Meta, Walmart

Broadcom's market value has climbed above $2 trillion, surpassing Tesla, Meta, and Walmart, as its AI custom chip design business rivals Nvidia's dominance. This follows Samsung crossing $1 trillion on May 10, joining Nvidia (NVDA.OQ, $1T since 2023), TSMC, and Broadcom (both $1T in 2024) in the AI hardware cohort reshaping the trillion-dollar club from software giants. Broadcom gained 4.23% in the session and 24% YTD, backed by analyst forecasts of 66% EPS growth this year and 59% in 2027, highlighting concentrated AI infrastructure momentum.

Category

NVIDIA

Sentiment

Bullish

Event

Milestone

Reading time

1 min