JP Insights(@jpinsights):I think this is another good example of why replacing $AVGO isn’t as simple as hiring more chip designers. If these HBM pricing reports are accurate, Broadcom’s volumes are now large enough to get roughly the same pricing as NVIDIA. That is worth something to its customers, even if much of the saving ends up with Google. People talk about cutting out Broadcom’s margin as if all of it would become savings for the customer. I’m more interested in how much would actually be left after taking on the work and negotiating component purchases yourself. The bigger Broadcom gets, the harder that calculation could become.

2026.10.01 09:39

I think this is another good example of why replacing $AVGO isn’t as simple as hiring more chip designers. If these HBM pricing reports are accurate, Broadcom’s volumes are now large enough to get roughly the same pricing as NVIDIA. That is worth something to its customers, even if much of the saving ends up with Google. People talk about cutting out Broadcom’s margin as if all of it would become savings for the customer. I’m more interested in how much would actually be left after taking on the work and negotiating component purchases yourself. The bigger Broadcom gets, the harder that calculation could become.

Jukan@jukan05

2026.10.01 08:52

"However, Broadcom's procurement volume has increased substantially compared with the past and is now roughly on par with NVIDIA's, which has strengthened its bargaining power." Broadcom’s volumes in 2027 will be massive. Many Taiwanese sources say TPU volumes will exceed NVIDIA’s in 2027.