DRAM Demand to Surge 27%, TPU Shipments May Exceed 35M Units Fuel Broadcom’s AI Chip Outlook

AVGO•2026-06-08

AI-driven memory demand is projected to boost DRAM by 27% in 2026 and NAND by 18% in 2026 and 2027, while Google TPU shipments could exceed 35 million units by 2028, positioning Broadcom to benefit from ASIC momentum. However, the company omitted any upgrade to its full-year custom AI chip guidance.

1. Memory and Storage Demand Forecast

Analysts forecast DRAM demand to rise by 27% in 2026 and NAND demand by 18% in both 2026 and 2027, reflecting an ongoing supply imbalance driven by AI workloads.

2. AI ASIC Momentum and TPU Shipments

Google’s TPU shipments are expected to surge to over 35 million units by 2028 from about 4.3 million in 2026, highlighting accelerating demand for custom AI silicon that could benefit Broadcom.

3. Earnings Guidance Stagnation

Broadcom’s recent quarterly release omitted any upgrade to its full-year custom AI chip guidance, prompting investor concern and pressuring the stock during the broader tech downturn.