🔥 Broadcom, the Race of AI Chips and the Homework of Restoring VMware Trust - 2026.09.05

Hey, Yangpa is here! The core of the news about Broadcom on September 4th is that AI chip revenue has increased significantly, and VMware has the homework of customer trust. One engine is running hard, while the other seems to be in the repair shop. This isn't just something to look at the numbers and walk away from.

AI Chips, Standing at the Center of Growth 📈

Technology Org reported that Broadcom's Q3 AI chip revenue increased by 221% year-over-year ^[1]. With AI-customized semiconductors and data center-related businesses becoming key pillars for Broadcom, this figure is read as material showing the speed of its growth.

Yahoo Finance also reported that AI chip revenue last quarter increased by 221% year-over-year ^[3]. However, this data is presented as a claim from an external media outlet. Therefore, it is difficult to interpret this number broadly as a new long-term result confirmed by the company or as evidence of cash flow. You need to separate the fact that the same growth figure appeared repeatedly from whether that figure will continue in the future.

Question Marks Behind the Numbers

The story of Broadcom's AI chips has already significantly raised market expectations. So, the important question here is not just “how much has it grown,” but rather “what customer and product mix did this speed come from?” Whether custom semiconductors rely on expanding specific customers or if the business is broadening alongside data center network chips could be the next point to watch.

I haven't been watching the market for 30 years for nothing. A scene where revenue grows is always followed by a second scene. If the first scene is applause, the second scene is confirming sustainability. The label “AI” alone is not enough; the solidity of the actual business structure must also be revealed. I believe the bull scenario becomes clearer when AI chip growth and VMware trust restoration are confirmed together.

VMware: Trust Comes Before Features ☕

Ars Technica covered how VMware is working to restore trust among SMB customers. Even from the article title, it pointed out that a lack of trust is a bigger problem than features, and explained it with a focus on VMware's response to SMB customers ^[2].

This section is quite important when looking at Broadcom's business composition. If AI chips are at the forefront of hardware growth, VMware is the area that determines the tangible value of infrastructure software. It reads as a message that adding features alone does not automatically improve customer relationships. Software isn't a one-and-done sale; the core is the trust that makes people keep using it. Literally, you need 'trust' to have reliable revenue. It might sound like a dad joke, but it's a pretty serious issue in business.

Broadcom's Next Checkpoints 🚀

If I wrap up this data in one line, it's this: On the AI chip side, a strong growth figure of 221% year-over-year was highlighted ^[1], and on the VMware side, restoring trust with SMB customers has emerged as a new task ^[2]. Although both businesses are within the same Broadcom, the questions the market needs to verify are different.

For AI chips, it remains to be seen what customer base and product flow this high growth rate leads to, and for VMware, the variable is whether trust restoration translates into actual changes in customer response. It's a matter of speed on one side and sustainability on the other. Whether Broadcom can maintain the momentum of AI growth while solving VMware's trust issues, or if the temperature difference between the two businesses will widen, remains the core of the next story.

📰 Reference News (3)

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Broadcom's Artificial Intelligence (AI) Chip Sales Surged 221% to $16.7 Billion Last Quarter: Is the Stock a Screaming Buy Right Now? - Yahoo Finance

Yahoo Finance · 2026.09.04

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