What is the TPU program JPMorgan referred to?

TPU is Google's tensor processing unit; the next-gen 2nm version is being developed in collaboration with Broadcom.

Are there other analysts supporting Broadcom stock?

Yes, Bank of America and other analysts have buy ratings with high price targets.

What is the 2nm technology mentioned in the report?

2nm is a new chip manufacturing node offering higher performance and lower power consumption.

Broadcom (AVGO) Jumps on JPMorgan 'Aggressive Buy' Call

Broadcom (AVGO) shares jumped after JPMorgan issued an aggressive buy recommendation, noting that the next-generation 2nm TPU program with Google remains on track.

June 18, 2026

2 min read

Source: Stocktwits

Broadcom (AVGO) shares surged in trading today after JPMorgan issued a strong recommendation for investors to be "aggressive buyers" of the stock at current levels. The call came after the bank's checks indicated that the next-generation 2nm TPU program with Google remains on schedule.

Recommendation Change

No prior rating was mentioned, but the bank described investors should be "aggressive buyers" at current levels, signaling a highly positive outlook.

Analyst Rationale

JPMorgan analysts see the joint TPU program between Broadcom and Google as a key growth driver. The 2nm technology represents a leap in chip performance, and Google's commitment to the program bolsters confidence in Broadcom's AI revenue expectations.

Context

Broadcom stock has risen over 40% year-to-date, supported by strong demand for AI chips. Other analysts, such as Bank of America, also have a "Buy" rating with a higher price target. The stock is trading near its all-time highs.

What We Conclude

The recommendation reflects growing confidence in Broadcom's ability to capitalize on Google's AI investments. Investors are closely monitoring program developments amid increasing competition among chip makers.

Frequently Asked Questions

The stock jumped after JPMorgan issued an aggressive buy recommendation, citing progress on the TPU program with Google.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.