NEW YORK — Broadcom Inc. shares jumped sharply in pre-market trading Tuesday, climbing more than 6% to around $490 after closing at $459.97, up 2.95% on the day, as investors positioned for the semiconductor giant's fiscal second-quarter results amid surging demand for its artificial intelligence chips.

The move extends Broadcom's strong run in 2026, driven by its expanding role as a key supplier of custom AI accelerators and networking solutions for hyperscale data centers. With earnings scheduled after the market close on Wednesday, June 3, analysts expect another robust report highlighting continued acceleration in AI revenue.

Broadcom, whose products power everything from Google's custom tensor processing units to networking infrastructure for major cloud providers, has emerged as one of the clearest beneficiaries of the global AI buildout. Its custom silicon business has seen explosive growth, positioning the company as a critical player alongside larger peers like Nvidia.

AI Momentum Powers Recent Gains

In the first quarter of fiscal 2026, Broadcom reported record revenue of $19.31 billion, up 29% from the prior year. AI-related semiconductor revenue reached $8.4 billion, more than doubling year-over-year and exceeding internal forecasts.

CEO Hock Tan highlighted the strength at the time, attributing gains to "robust demand for custom AI accelerators and AI networking." The company guided second-quarter AI semiconductor revenue to approximately $10.7 billion.

That........

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