AVGO gains with custom AI chip growth, Gary Black notes

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03.06.2026

AVGO gains with custom AI chip growth, Gary Black notes — AVGO and MRVL surge on AI chip demand

Gary Black, managing partner and investor at The Future Fund, highlights that AVGO (Broadcom) and MRVL are emerging as major beneficiaries amidst Wall Street's increased interest in custom AI chips.

AVGO shares rose 4.7% on Tuesday, with an additional 2.1% gain after hours ahead of the company’s 1Q earnings report, suggesting positive investor sentiment for custom AI chip providers.

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Black has previously commented on major chipmaker milestones, noting when SK Hynix joined the $1 trillion market cap club. He also linked a 4.6% drop in TSLA shares to an SPCX S-1/A filing that suggested potential equity issuance and acquisition activity. These observations reflect Black's ongoing focus on both semiconductor sector developments and significant capital moves.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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