Broadcom’s Record High Reshapes Mega-Cap Growth Stock Landscape

Broadcom's third-quarter earnings shattered expectations, sending its stock to an all-time high with a 49% year-to-date gain. The semiconductor giant reported AI revenue above guidance, unveiled a $110 billion backlog, and bullish fiscal 2026 projections. Despite its $1.57 trillion market cap, Broadcom remains excluded from the elite "Magnificent Seven" tech roster.

The emerging "Ten Titans" framework now provides a more comprehensive view of mega-cap dominance by incorporating Broadcom alongside Oracle and Netflix. This reconfigured grouping reflects the evolving power dynamics in growth stocks, particularly as AI-driven valuations continue rewriting market hierarchies.

Market analysts note the original Magnificent Seven classification emerged during 2023's tech recovery, gaining traction alongside OpenAI's GPT-4 release. The expansion to Ten Titans signals how rapidly the leadership cohort is diversifying beyond pure-play tech giants into infrastructure enablers like Broadcom.