Broadcom said on its earnings call that it secured $10 billion in orders for its custom AI chips from a fourth customer.

Broadcom has been one of the biggest winners in the AI boom and investor expectations are growing.

Broadcom's fiscal third-quarter report is being well-received by Wall Street analysts, several of whom lifted their price targets on the chipmaker.

Broadcom said on its earnings call that it secured $10 billion in orders for its custom AI chips from a fourth customer.