Morgan Stanley Expects Broadcom to Control 80% of Google's TPU Market Long-Term

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According to Morgan Stanley analyst Joseph Moore, Broadcom is expected to maintain long-term dominance of approximately 80% of Google's TPU market share. The analyst's latest report forecasts Broadcom's AI-related revenue for 2027 at around $120 billion, with TPU-related business contributing $80 billion. Morgan Stanley reaffirmed Broadcom's "Overweight" rating and $502 price target, noting the chipmaker is the second-biggest winner in the AI wave after Nvidia, with advantages in advanced packaging capabilities and HBM supply contracts.
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