The technology world is obsessed with hyperscalers and flashy artificial-intelligence headlines. Yet one company has been quietly building something powerful behind the scenes. Broadcom has emerged as a compelling candidate for investors searching for a long-term growth stock to hold over the next five years. Its results are strong, its momentum is real, and its strategy is built for the long term.
Over the past five years, Broadcom stock has gained more than 500%, placing the company among the market’s elite performers. What makes the story more compelling is that its growth engine may still be accelerating. Broadcom now holds an AI-specific backlog worth $73 billion — not speculative demand, but orders already committed.
This backlog signals that some of the largest AI players are allocating significant capital to Broadcom’s products and platforms, a trend long-term investors are watching closely.
Broadcom Is Facing a Massive AI Order Backlog
Broadcom designs custom semiconductors and infrastructure software — a rare and powerful combination that allows the company to deliver integrated solutions rather than standalone components. As AI systems grow more complex, this full-stack approach becomes increasingly valuable.
According to CEO Hock Tan, Broadcom’s total backlog has reached $162 billion, a figure that exceeds the company’s projected fiscal 2025 revenue. In simple terms, Broadcom already has more work lined up than it expects to generate in a full year of sales.
Of that total, $73 billion is directly tied to AI projects. One customer alone accounts for a significant portion: AI research company Anthropic, which represents roughly $21 billion of the AI backlog. This level of commitment highlights the scale of demand flowing toward Broadcom.
The company also maintains relationships with some of the world’s most well-funded technology giants, including Alphabet (Google) and Meta Platforms, reinforcing its role at the center of the AI infrastructure buildout.
Broadcom’s Advantage: Chips + Software
Broadcom’s strength does not come from a single product line. The company sells both advanced chips and mission-critical software that power large-scale data centers and AI workloads. This dual capability creates diversified revenue streams and a competitive moat that is difficult to replicate.
Although reliance on a small number of major customers introduces some concentration risk, the size of the backlog suggests long-term partnerships rather than short-term experimentation.
A Short-Term Pullback, A Long-Term Opportunity?
Broadcom shares have fallen more than 7% at the start of 2026, giving investors a rare pause after a strong run. While short-term traders may view the dip cautiously, long-term investors may see it as a potential entry point following months of premium valuations.
Despite already reaching a trillion-dollar market capitalization, Broadcom continues to secure major AI contracts and expand its backlog at a remarkable pace. The company appears well positioned to remain a leader in AI infrastructure and semiconductor design for years to come.
