When a Wall Street heavyweight tells you a $1.8 trillion company still looks cheap, it’s worth slowing down to understand why.

That’s roughly the message coming out of JPMorgan (JPM) this month. Fresh off Broadcom’s latest earnings, the bank didn’t just nudge its outlook higher. It made a statement.

And for everyday investors trying to figure out whether the AI trade has more room to run, this price reset matters.

Broadcom (AVGO) has quietly become one of the most important names in the artificial intelligence (AI) buildout, and its numbers are hard to ignore.

Why Broadcom became a quiet AI powerhouse

Broadcom designs custom AI chips, called XPUs, for a handful of the world’s largest tech companies.

Think of it as…