AMD and Broadcom Are Both Up Big in 2026, But Wall Street Is Betting on Different Futures

AMD and Broadcom are both having a huge 2026, but for different reasons. AMD is fighting Nvidia head-on with its MI400 GPUs and a 6-gigawatt OpenAI deal, while Broadcom's custom ASIC business, now growing 221% year over year, lets it skip that fight entirely and trade at half AMD's valuation.