JPMorgan Pushes Back on Broadcom (AVGO) Delay Fears and Says the TPU v9 Program Is Firmly on Schedule

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.

JPMorgan Pushes Back on Broadcom (AVGO) Delay Fears and Says the TPU v9 Program Is Firmly on Schedule

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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.

The analyst noted that even before the v9 story plays out, Broadcom’s TPU v8i 3nm chip received full qualification from Google by mid-2025 and is set to begin production ramping this quarter. In contrast, Google’s internal chip team, which is working alongside MediaTek on the rival Zebrafish TPU v8t 3nm program, is still in the design optimization phase. This gap, the analyst said, translates to an 18-month head start for Broadcom.

Broadcom Inc. (NASDAQ:AVGO) is a semiconductor and infrastructure software company. It designs, develops, and supplies a range of semiconductor devices for data center networking, broadband, wireless, and storage markets, and provides mainframe and cybersecurity software solutions.

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