---
title: "Broadcom Drops Nearly 2% as Custom-Chip Competition Tightens"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296819222.md"
description: "Broadcom's stock dropped nearly 2% as competition in custom chips intensifies, with Marvell deepening its relationship with Google. This shift threatens Broadcom's dominance in a key AI account, though the company reported strong Q2 revenue growth driven by AI semiconductors."
datetime: "2026-08-24T18:16:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296819222.md)
  - [en](https://longbridge.com/en/news/296819222.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296819222.md)
generator: "portal-rs"
---

# Broadcom Drops Nearly 2% as Custom-Chip Competition Tightens

Broadcom , the semiconductor and infrastructure-software juggernaut, slid approximately 1.8% to $361.59 Monday morning as competition crashed the custom-chip party. Marvell's deeper Google relationship puts a credible rival inside one of Broadcom's most important AI accounts. The message is blunt: Google wants options.

The numbers make that threat impossible to dismiss. Google received warrants to purchase as much as $12.2 billion of Marvell stock if spending targets are reached. Broadcom is not losing Google overnight, but its grip just became less comfortable. That matters because Broadcom's second-quarter revenue soared 48% to $22.19 billion, powered by a stunning 143% surge in AI semiconductor revenue to $10.8 billion.

Broadcom still expects third-quarter revenue of approximately $29.4 billion, including $16 billion from AI semiconductors. Demand is not the problem. Who captures that demand is the real battle. At $361.59, the stock sits 4.69% above its GF Value estimate of $345.38, meaning investors are already paying for serious execution. Broadcom remains an AI heavyweight, but Marvell's advance shows this crown will not go undefended.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**