Quick ReadBroadcom's custom XPUs and networking silicon drove Q2 AI revenue to $10.8 billion, up 143% year over year across eight straight EPS beats. CEO Hock Tan projects AI revenue exceeding $100 billion in FY2027, backed by signed multi-generation deals with Google, Meta, OpenAI, and Anthropic. Broadcom's mix of custom silicon, networking, and recurring software makes it the least volatile way to press that bet. Second, networking silicon accounted for 40% of Q2 AI revenue and sells into GPU and XPU clusters, making Broadcom paid regardless of which accelerator wins. CEO Hock Tan sees AI revenue exceeding $100 billion in fiscal 2027, and Q2 AI bookings of over $30 billion extend visibility into 2028.