JPMorgan Plays Down Broadcom AVGO Delay Worries, Says TPU v9 Is Still on Schedule

Broadcom Inc. (NASDAQ:AVGO) faced renewed market chatter about potential delays tied to its next-generation AI chip roadmap, but JPMorgan is arguing that those concerns are overstated. In a report dated June 17 and circulated by Yahoo Finance, analyst Harlan Sur reiterated an Overweight rating and a $580 price target for the company.

The core of JPMorgan’s pushback centered on Broadcom’s “TPU v9” program. The note’s headline claim is that the program is “firmly on schedule,” directly addressing “delay fears” that had been circulating among investors.

TPUs are specialized accelerators designed to speed up AI workloads, such as training and inference. In that context, “TPU v9” represents the next step in Broadcom’s strategy to supply hardware aimed at data centers and AI builders, where product timing can influence customer adoption and system-level deployments.

The Yahoo Finance item also frames Broadcom as a high-conviction growth name in broader market commentary. It references billionaire Dan Loeb, who is described as naming Broadcom among the best growth stocks to buy, reinforcing that investors are watching the company’s AI-related execution for indicates on durability and upside.

JPMorgan did not, in the information provided here, disclose specific technical milestones, delivery dates, or customer commitments associated with TPU v9. It also does not quantify how delay-risk would have affected financial modeling, or what alternative scenarios were considered, so the degree to which expectations have changed cannot be fully assessed from the published summary alone.

More broadly, the market’s focus on TPU v9 schedule underscores how tightly AI hardware roadmaps are linked to sentiment. Even without new numbers in the summary, reassurance from a major bank can shift expectations around supply readiness and the pace at which AI infrastructure builds translate into revenue.

For investors and analysts, the next key question is whether Broadcom provides further specificity about TPU v9 progress through earnings materials, product or platform updates, or customer-related commentary. Any concrete disclosure about timelines, production ramp, or performance targets would be the clearest way to test JPMorgan’s “on schedule” stance.