Broadcom has unveiled its fiscal second-quarter 2025 earnings report, showcasing total revenue of $15.004 billion, marking a robust 20% increase from the previous year. Notably, AI business revenue surpassed the $4.4 billion mark, representing a significant 46% year-over-year growth. The company projects sustained momentum in its AI segment, predicting that by 2027, three key customers will each deploy clusters comprising 1 million AI accelerator chips. Concurrently, Broadcom's latest Tomahawk 6 switch chips have commenced shipping, enabling the deployment of clusters with millions of XPUs. On the other hand, non-AI chip revenue stood at $4 billion, witnessing a 5% year-over-year decline. Additionally, Broadcom's market capitalization reached a staggering $1.22 trillion, surpassing that of TSMC. Intriguingly, despite these impressive financial results, Broadcom's stock price declined on the day the earnings report was announced.