# Broadcom‑Apple US chip partnership through 2031

> Live situation record from CLSTR: https://clstr.news/situations/michael-burry-expands-into-software-stocks-adding-a-sap-competitor
> Updated: 2026-07-27T09:12:44.000Z. Sources: 177. Developments: 46.

Apple and Broadcom sealed a multiyear supply deal on 12 July 2026, worth over $30 billion, to manufacture roughly 15 billion custom wireless, AI, Wi‑Fi, Bluetooth and RF chips in the United States through 2031. The contract funds a $1.5 billion expansion of Broadcom’s Fort Collins, Colorado fab, creating hundreds of high‑skill jobs and anchoring Apple’s $600 billion American Manufacturing Program. Apple CEO Tim Cook called the chips “essential to delivering the incredible performance and connectivity our customers expect.”

For Broadcom, the agreement reduces reliance on Apple (about 20 % of sales) and sparked an immediate rise in its share price. Two days later, Broadcom’s Q2 earnings missed forecasts, sending the stock down about 5 % to a low of $371.90 mid‑day and closing near $374.45. Despite the dip, AI‑semiconductor revenue jumped 143 % YoY to $10.8 billion, and the company projects more than $100 billion in AI‑chip revenue by 2027, citing customers such as Alphabet, Meta, Anthropic and OpenAI. Analysts lifted price targets (e.g., KeyCorp to $575, TD Cowen to $500), reaffirming Broadcom as a “core AI winner” amid broader chip‑sector weakness and modest insider‑selling pressure.

The partnership arrives amid a record surge in global semiconductor sales, which hit $120.6 billion in May 2026 – a 104 % YoY rise driven by AI‑related demand – and complements a wider U.S. push that also involves TSMC, GlobalFoundries and other partners.

No further developments in the Broadcom‑Apple partnership have been reported since the July 2026 update.

## Claims

- Broadcom's AI semiconductor segment revenue was $10.8 billion, a 143 % year‑over‑year increase. (corroborated by 2 sources)
- AI semiconductor revenue represented almost half of Broadcom's total revenue. (single source)
- Broadcom's stock fell more than 20 % from its all‑time high, trading around $380 per share. (single source)
- OMERS Administration Corp cut its Broadcom holdings by 38.8 % in Q1, selling 465,227 shares and holding 733,575 shares worth $227.049 million. (single source)
- Director Harry L. You bought 1,000 Broadcom shares at $373.57 each on June 11, totaling $373,570. (single source)
- AI networking accounted for nearly 40 % of Broadcom's AI semiconductor revenue in Q2. (single source)
- Broadcom guidance projects AI semiconductor revenue above $100 billion by fiscal 2027. (single source)
- Broadcom's Ethernet switching and co‑packaged optics franchises are insulated from hyperscaler vertical integration. (single source)
- Broadcom’s dividend yield is about 0.68% with the stock price near $382. (single source)
- Broadcom has increased its annual dividend to $2.60 per share, a 13‑fold rise since 2016. (single source)
- Broadcom generated $10.3 billion of free cash flow in fiscal Q2, with $3.1 billion paid as dividends. (single source)

## Timeline

### 2026-07-27: Broadcom’s Dividend Surge and AI Networking Drive Strong Financial Outlook

Broadcom’s dividend has risen 13‑fold over a decade, now paying $2.60 annually, while AI networking makes up nearly 40% of AI chip revenue and the company aims for over $100 billion in AI semiconductor sales by

6 sources. https://clstr.news/cluster/broadcom-stock-falls-over-20-as-investors-boost-stakes-in-aichip-maker

### 2026-07-16: Broadcom shares slide after earnings, AI chip growth fuels buying interest

Broadcom shares fell about 5% after earnings, but AI chip revenue jumped 143% YoY to $10.8 bn and the company projects over $100 bn by 2027, prompting analysts to raise price targets.

3 sources. https://clstr.news/cluster/broadcom-shares-slide-after-earnings-ai-chip-growth-fuels-buying-interest

### 2026-07-14: Apple secures $30 billion Broadcom deal to produce chips in the United States

Apple’s $30 billion multi‑year deal with Broadcom will see over 15 billion chips made in the U.S., bolstering supply security, creating jobs, and raising Broadcom’s stock.

7 sources. https://clstr.news/cluster/apple-signs-30-bn-broadcom-chipmanufacturing-deal-in-the-united-states

### 2026-07-12: Apple and Broadcom deepen US chip partnership with $30 billion deal

Apple and Broadcom signed a multiyear $30 billion deal to produce over 15 billion chips in the US, with Broadcom investing $1.5 billion in a Colorado plant, boosting US semiconductor supply and affecting Broadc

5 sources. https://clstr.news/cluster/apple-and-broadcom-deepen-us-chip-partnership-with-30-billion-deal

### 2026-07-08: Apple commits $30 billion to Broadcom for US chip production

Apple signs a $30 billion, multi‑year deal with Broadcom to produce custom chips in the U.S., boosting domestic supply and securing revenue for both firms.

33 sources. https://clstr.news/cluster/apple-commits-over-30-billion-with-broadcom-for-us-chip-production

### 2026-07-07: Broadcom shares slip after analyst downgrade amid AI chip competition

Broadcom shares dropped ~1% after Erste Group downgraded the stock to hold and a report flagged Chinese AI startup DeepSeek's chip plans, despite Broadcom beating earnings estimates.

2 sources. https://clstr.news/cluster/broadcom-shares-slip-after-analyst-downgrade-amid-ai-chip-competition

### 2026-07-06: Apple secures $30 billion Broadcom chip supply deal through 2031

Apple extended its partnership with Broadcom until 2031 in a $30 billion deal that will see more than 15 billion custom chips made in the U.S., including a $1.5 billion expansion of Broadcom’s Colorado plant, ​

32 sources. https://clstr.news/cluster/apple-secures-longterm-chip-supply-from-broadcom-through-2031

### 2026-07-02: Broadcom Shares Slip Over 2% Amid AI Chip Competition Concerns

Broadcom stock dropped over 2% after news of Anthropic's AI chip plans, while Apollon Wealth Management increased its stake to $89 M.

3 sources. https://clstr.news/cluster/broadcom-shares-slip-over-2-amid-ai-chip-competition-concerns

### 2026-07-01: China's ETF market sees tighter competition and private‑equity surge in H1 2026

H1 2026 China ETF market saw tighter rivalry among top managers, a ¥1.8 trn outflow from broad ETFs, inflows into sector themes, and private equity holding over 12 bn shares.

2 sources. https://clstr.news/cluster/chinas-etf-market-sees-tighter-competition-and-privateequity-surge-in-h1-2026

### 2026-06-29: Dutch venture capital drives AI and deep‑tech startup funding surge

Keen launches an AI‑software fund for SMBs while Dutch deep‑tech startups collectively secure over €1.5 billion in new financing, highlighting the Netherlands as a leading AI venture hub.

2 sources. https://clstr.news/cluster/dutch-venture-capital-drives-ai-and-deeptech-startup-funding-surge

### 2026-06-28: AI compute demand drives semiconductor boom

AI token output surged 330×, sparking a global push for GPUs and a new “quality compute” focus, while AI data‑center spend is set to hit $4 trillion, driving a 40‑fold semiconductor revenue rise by 2028.

4 sources. https://clstr.news/cluster/ai-compute-demand-drives-semiconductor-boom

### 2026-06-28: Broadcom stock up on AI chip launch and strong quarterly earnings

Broadcom's stock rose ~2% after reporting $2.44 EPS, $22.2 bn revenue, unveiling an OpenAI AI accelerator, announcing a dividend and seeing added institutional holdings.

2 sources. https://clstr.news/cluster/broadcom-stock-up-on-ai-chip-launch-and-strong-quarterly-earnings

### 2026-06-27: AI Investment Surge Drives Dutch SMB Boost and US Market Turbulence

Dutch SMEs rally around new AI tools at a Hague conference, while U.S. AI spending tops $1 trillion, triggering market turbulence and a $1 trillion Nasdaq‑100 loss.

6 sources. https://clstr.news/cluster/ai-investment-surge-drives-dutch-smb-boost-and-us-market-turbulence

### 2026-06-26: AI investment surge hits US tech stocks and concerns Fed on inflation

US tech stocks slipped as OpenAI IPO delay fears dampened AI hype, while the Fed flags the AI investment boom as a new inflation risk.

2 sources. https://clstr.news/cluster/ai-investment-surge-hits-us-tech-stocks-and-concerns-fed-on-inflation

### 2026-06-26: Qualcomm AI Data Center Chip Deal Fuels Stock Surge and Lifts Meta Shares

Qualcomm’s AI data‑center chip push sparked a 54% stock surge, and a new multi‑year chip deal with Meta boosted the latter’s shares over 2%, signaling broader market confidence in AI infrastructure.

3 sources. https://clstr.news/cluster/qualcomm-ai-data-center-chip-deal-fuels-stock-surge-and-lifts-meta-shares

### 2026-06-24: Wall Street tech stocks tumble amid inflation worries

U.S. stocks fell for a second day as tech and chip stocks dropped sharply amid rising inflation and Fed rate‑hike expectations; Asian markets opened cautiously.

2 sources. https://clstr.news/cluster/wall-street-tech-stocks-tumble-amid-inflation-worries

### 2026-06-22: Broadcom AI Chip Revenue Projected to Reach $16 B Next Quarter

Broadcom’s AI chip revenue jumped 143% to $10.8 B and is expected to hit $16 B next quarter, though the stock fell 17% post‑earnings.

8 sources. https://clstr.news/cluster/broadcom-ai-chip-revenue-set-to-triple-stock-falls-amid-strong-growth

### 2026-06-16: Broadcom launches $2.5 B bond tender while investors boost stake in its stock

Broadcom set a $2.5 B tender to buy back six senior notes by June 17, 2026, while investors like Oddo BHF raised their Broadcom stake by 2.7% to $105.7 M.

3 sources. https://clstr.news/cluster/broadcom-launches-25-b-bond-tender-while-investors-boost-stake-in-its-stock

### 2026-06-15: U.S. Stocks Swing on Tech Gains and Strong Jobs Report

U.S. markets rose on a tech‑led rally and a U.S.–Iran peace deal, but a strong jobs report later sparked a tech sell‑off and Fed rate‑hike worries.

2 sources. https://clstr.news/cluster/us-stocks-swing-on-tech-gains-and-strong-jobs-report

### 2026-06-12: Broadcom Shares Drop After Weak Q3 Outlook Despite Record Q2 Revenue

Broadcom posted record Q2 revenue but weak Q3 guidance, sending its share price down from $500 to about $382, while analysts kept buy ratings and lifted price targets.

4 sources. https://clstr.news/cluster/broadcom-shares-drop-after-weak-q3-outlook-despite-record-q2-revenue

### 2026-06-10: U.S. stocks tumble as AI hype fades and oil rallies on Middle East tensions

Tech sell‑off pushes U.S. stocks down ~2 % as AI hype wanes, oil rises on Iran tensions, US inflation tops 4 % and BOJ governor’s hospitalization adds market uncertainty.

4 sources. https://clstr.news/cluster/us-stocks-tumble-as-ai-hype-fades-and-oil-rallies-on-middle-east-tensions

### 2026-06-10: Broadcom gains from earnings beat as institutional investors adjust holdings

Broadcom posted earnings above expectations and a dividend, prompting Erste Asset Management to add shares and ING to reduce its stake, while institutions hold roughly 76% of the company.

2 sources. https://clstr.news/cluster/broadcom-gains-from-earnings-beat-as-institutional-investors-adjust-holdings

### 2026-06-08: US stocks slump amid AI sell‑off and Middle East tension

U.S. markets swung sharply as AI‑related stocks fell and Iran‑Israel fighting spiked oil, fueling inflation worries and Fed‑rate expectations; tech shares later recovered modestly.

13 sources. https://clstr.news/cluster/ai-stock-selloff-drags-wall-street-lower-and-nudges-australian-market-down

### 2026-06-08: US chip stocks rebound lifts S&P 500 and Nasdaq futures

Chip makers rally lifts US equity futures; Nvidia, Broadcom, Micron rise 1.5‑3.9%, S&P 500 up 0.35%, Nasdaq up 0.69% after Friday’s $1 trillion sell‑off amid jobs data and Middle‑East tension.

5 sources. https://clstr.news/cluster/us-chip-stocks-rebound-lifts-sp-500-and-nasdaq-futures

### 2026-06-07: Broadcom shares tumble over AI revenue forecast miss

Broadcom stock fell over 14% after the company forecast AI chip revenue below expectations, despite strong Q2 results and a $100 billion AI target.

4 sources. https://clstr.news/cluster/broadcom-shares-tumble-over-ai-revenue-forecast-miss

### 2026-06-06: US stock market sell‑off hits tech, AI amid Fed and inflation worries

US indices fell sharply as inflation fears, higher unemployment and a pull‑back from AI‑driven tech triggered a market sell‑off, while Trump signaled interest in a government AI stake.

4 sources. https://clstr.news/cluster/us-stock-market-selloff-hits-tech-ai-amid-fed-and-inflation-worries

### 2026-06-06: Broadcom shares plunge 20% after earnings guidance miss, sparking investor debate

Broadcom posted record Q2 revenue but missed AI revenue forecasts, sending its stock down 20% and triggering mixed investor reactions, including notable stake reductions and insider sales.

2 sources. https://clstr.news/cluster/broadcom-shares-plunge-20-after-earnings-guidance-miss-sparking-investor-debate

### 2026-06-06: Broadcom's record earnings miss AI chip forecast, sending semiconductor stocks tumbling

Broadcom's record $22.19 bn revenue beat forecasts, but its AI‑chip revenue outlook fell short, sending its shares down 12.6% and pulling the semiconductor index lower amid Fed‑rate concerns.

2 sources. https://clstr.news/cluster/broadcoms-record-earnings-miss-ai-chip-forecast-sending-semiconductor-stocks-tumbling

### 2026-06-05: Amazon stock slides as tech market tumbles over Fed rate‑rise concerns

Amazon stock fell >3% as a tech market sell‑off hit the Nasdaq, driven by Fed rate‑hike fears and waning optimism for the AI chip boom.

2 sources. https://clstr.news/cluster/amazon-stock-slides-as-tech-market-tumbles-over-fed-raterise-concerns

### 2026-06-05: Broadcom shares upgraded as analysts lift price targets to $515 and $530

Analysts at Deutsche Bank and Mizuho lifted Broadcom’s price targets to $515 and $530, respectively, citing strong earnings and AI growth, and see the recent share dip as a buying chance.

2 sources. https://clstr.news/cluster/broadcom-shares-upgraded-as-analysts-lift-price-targets-to-515-and-530

### 2026-06-05: U.S. stock markets plunge as strong jobs report lifts Fed rate‑hike odds

U.S. equities fell sharply after a robust May jobs report raised expectations of a Federal Reserve rate hike, pushing the Nasdaq down over 4% and prompting declines in AI stocks, Bitcoin and gold.

2 sources. https://clstr.news/cluster/us-stock-markets-plunge-as-strong-jobs-report-lifts-fed-ratehike-odds

### 2026-06-05: Broadcom shares plunge despite record AI earnings and new institutional holdings

Broadcom’s AI chip revenue surged 143% to $10.8 bn, yet its shares fell 21% after a record quarter, wiping out hundreds of billions in value, while Suncoast Equity lifted its stake to 3.1% of its portfolio.

2 sources. https://clstr.news/cluster/broadcom-shares-plunge-despite-record-ai-earnings-and-new-institutional-holdings

### 2026-06-05: US stock markets tumble as strong jobs data fuels rate‑hike fears

U.S. stocks plunge (S&P ‑2.6%, Nasdaq ‑4.2%) after a strong jobs report lifts Fed rate‑hike odds; tech chips tumble and Bitcoin slides below $60k.

2 sources. https://clstr.news/cluster/us-stock-markets-tumble-as-strong-jobs-data-fuels-ratehike-fears

### 2026-06-05: Broadcom shares tumble 12% after earnings miss on AI‑chip revenue guidance

Broadcom posted strong overall revenue but forecast AI‑chip sales below expectations, causing a 12% stock drop and a $300 billion market‑cap loss.

2 sources. https://clstr.news/cluster/broadcom-shares-tumble-12-after-earnings-miss-on-aichip-revenue-guidance

### 2026-06-05: Broadcom AI Outlook Triggers Global Semiconductor Sell‑Off

Broadcom’s weaker AI‑chip guidance caused a 12.6% share drop, sparking a global sell‑off in semiconductor stocks and pulling Asian markets down over 5%, erasing hundreds of billions in market value.

10 sources. https://clstr.news/cluster/asian-stock-markets-tumble-as-ai-chip-slump-hits-south-korea-and-japan

### 2026-06-04: US stock indexes swing as Broadcom results trigger chip‑sector sell‑off

Dow hits record high as health and financial stocks rise, while Nasdaq falls after Broadcom misses expectations; later Nasdaq plunges 4% and Dow drops, spurred by a broad chip‑sector sell‑off.

2 sources. https://clstr.news/cluster/us-stock-indexes-swing-as-broadcom-results-trigger-chipsector-selloff

### 2026-06-04: US stock markets plunge as strong jobs data fuels rate‑hike fears

U.S. markets fell sharply on June 5‑6 2026 after a strong jobs report, with Nasdaq down ~4 % and tech‑AI stocks slumping, spurring Fed rate‑hike concerns.

10 sources. https://clstr.news/cluster/ai-linked-tech-stocks-trigger-sharp-selloff-in-us-and-asian-markets

### 2026-06-04: Broadcom AI Chip Maker Shares Plunge Over Forecast Miss, Triggering Global Market Sell‑off

Broadcom’s Q2 results beat expectations but kept its AI forecast flat, causing shares to tumble over 12% and wipe out $300 billion in value, pulling down Asian markets and prompting mixed moves on Wall Street.

3 sources. https://clstr.news/cluster/broadcom-ai-chip-maker-shares-plunge-over-forecast-miss-triggering-global-market-selloff

### 2026-06-03: Broadcom earnings miss triggers sharp stock drop and Nasdaq slide

Broadcom posted record AI‑chip revenue but gave a cautious Q3 outlook, sending its shares down 13‑15% and dragging the Nasdaq 100 lower, while other chip stocks also fell.

12 sources. https://clstr.news/cluster/broadcom-posts-record-q2-revenue-but-shares-plunge-on-modest-outlook

### 2026-06-03: Broadcom earnings miss triggers chip sector sell‑off

Broadcom’s Q2 earnings missed forecasts, sending its stock down 5.5% and triggering a sell‑off across U.S. and European semiconductor stocks.

4 sources. https://clstr.news/cluster/broadcoms-q2-earnings-miss-drives-55-share-decline

### 2026-06-03: Broadcom shares plunge 13% after AI revenue outlook falls short

Broadcom’s AI revenue guidance missed estimates, sending its stock down 13% despite strong Q2 growth and analysts raising price targets.

7 sources. https://clstr.news/cluster/broadcom-shares-climb-as-earnings-beat-expectations-and-ai-demand-spikes

### 2026-06-02: AI-driven semiconductor stocks surge in May

AI demand lifted chip stocks in May: AMD up >40% with record revenue, Broadcom’s AI sales doubled, Qualcomm spiked on a rumored ByteDance deal, and Super Micro saw a 68% share jump on sales growth.

3 sources. https://clstr.news/cluster/ai-driven-semiconductor-stocks-surge-in-may

### 2026-05-22: Broadcom’s AI-driven growth spurs increased investment from Canadian pension fund and wealth manager

Broadcom’s AI semiconductor revenue is surging, prompting a Canadian pension fund to rank it among top holdings and WealthPlan to boost its stake by 76.6% in Q4.

3 sources. https://clstr.news/cluster/broadcom-inc-gains-larger-stakes-from-cambridge-investment-research-and-stoneridge

### 2026-05-20: Broadcom gains institutional buying as Northwestern Mutual and DNB increase stakes

Northwestern Mutual and DNB Asset Management each boosted their Broadcom holdings, signaling increased institutional interest.

2 sources. https://clstr.news/cluster/broadcom-inc-receives-larger-stake-from-donoghue-forlines-as-lockheed-martin-fund-trims-holdings

### 2026-05-17: Broadcom Shares Attract New Institutional Purchases in Q4

Broadcom shares rose as Concentrum Wealth Management and Money Concepts Capital increased Q4 holdings.

2 sources. https://clstr.news/cluster/glass-wealth-management-trims-broadcom-stake-by-26-in-q4

### 2026-05-14: Broadcom shares rise as Burr Financial expands holdings to second-largest position

Burr Financial lifts Broadcom stake to become its second‑largest holding.

4 sources. https://clstr.news/cluster/corda-investment-management-cuts-broadcom-stake-by-65

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Cite as: Broadcom‑Apple US chip partnership through 2031. CLSTR, https://clstr.news/situations/michael-burry-expands-into-software-stocks-adding-a-sap-competitor