Broadcom Has Seen Its Biggest Customer Drop a Key Chip Before. History Says What the Stock Did Next.
Key Points Broadcom shares sank on Aug. 19 after Marvell disclosed an expanded custom chip agreement with Google, whose TPU chips Broadcom designs. In January 2023, Bloomberg reported Apple would drop a key Broadcom chip — and Broadcom’s revenue nearly doubled in the two fiscal years that followed. Apple accounted for about 20% of Broadcom’s […]
