JPMorgan Pushes Back on Broadcom (AVGO) Delay Fears and Says the TPU v9 Program Is Firmly on Schedule
Key takeaways
- JPMorgan Pushes Back on Broadcom (AVGO) Delay Fears and Says the TPU v9 Program Is Firmly on Schedule Abdul Rahman Mon, June 29, 2026 at 6:58 PM GMT+7 2 min read AVGO Broadcom Inc.
- According to the analyst, the concern arose from reports suggesting delays in Broadcom's TPU v9 2nm chip program.
- For context, Broadcom completed the initial IP design phase in the first half of 2025 and moved into full system-on-chip design in the second half.
JPMorgan Pushes Back on Broadcom (AVGO) Delay Fears and Says the TPU v9 Program Is Firmly on Schedule Abdul Rahman Mon, June 29, 2026 at 6:58 PM GMT+7 2 min read AVGO Broadcom Inc. (NASDAQ:AVGO) is one of the best growth stocks to buy according to billionaire Dan Loeb. On June 17, JPMorgan analyst Harlan Sur reiterated an Overweight rating and a $580 price target on Broadcom Inc. (NASDAQ:AVGO). Sur used the opportunity to push back against growing market fears that Broadcom's AI chip project with Google had hit serious roadblocks.
According to the analyst, the concern arose from reports suggesting delays in Broadcom's TPU v9 2nm chip program. The chip is a next-generation artificial-intelligence accelerator being developed for Google. Sur found those fears to be unfounded, stating that the TPU v9 program remains one of Broadcom's highest-priority projects. The project is also firmly on schedule for a 2028 production ramp, with no delays or cancellations confirmed, Sur stated.
For context, Broadcom completed the initial IP design phase in the first half of 2025 and moved into full system-on-chip design in the second half. The chip features four compute dies, 16 High Bandwidth Memory stacks, and 400Gbps SERDES. This combination aims to handle the enormous data demands of next-generation AI workloads.