Broadcom AI Sales Up 236%, Amazon TorchNeuron, SpaceX and Tesla

This update is a roundup of same-day reporting from the linked sources below, with editorial context from the CPJ Stock Desk.

Broadcom’s AI chip revenue is guided to $21.7 billion this quarter, while Amazon is trying to lower the cost of switching away from Nvidia. SpaceX and Tesla report this week, and Wall Street is watching for any hint of a tie-up.

Key points

Broadcom told investors AI chips will bring in $21.7 billion this quarter, up 236% from a year ago, though the source asks who is footing the bill.
Amazon launched TorchNeuron, which lets PyTorch code run on Trainium chips with a single configuration change.
SpaceX reports Tuesday and Tesla Wednesday. Kalshi prices a Tesla-SpaceX merger at 11% before November and 56% by May 2027.
ServiceNow introduced AI Passport, with NVIDIA as a design and launch partner.
Bernstein raised its Microsoft price target to $662 from $660 and kept an outperform rating.

Can Broadcom’s AI growth hold up?

A 236% year-over-year jump to $21.7 billion is a large number for a single quarter. The Insider Monkey piece frames the key question as who is paying for it. The summary does not name customers, and the provided excerpt does not give further detail, so we can’t say here how concentrated the demand is. Investors should read Broadcom’s own filings for customer disclosures.

The question matters because our recent coverage has tracked rising AI funding costs and a chip selloff. Strong guidance from a major custom-silicon supplier speaks to demand today. It says less about whether the buyers can keep financing that demand.

Does TorchNeuron threaten Nvidia’s software advantage?

Nvidia’s lead rests partly on software that developers already know. Amazon’s TorchNeuron goes after that directly. According to Business Standard, developers can run PyTorch code on Trainium with a single configuration change and no rewriting.

That removes one friction point. It does not prove performance or cost parity, and the source summary offers no benchmarks or customer commitments. Adoption is the thing to watch.

Nvidia demand remains visible elsewhere. Utho Cloud opened reservations for NVIDIA B300 GPUs in India, with Blackwell Ultra infrastructure expected to be deployed in February 2027. ServiceNow also named NVIDIA a design and launch partner for AI Passport, a signed credential that defines what an AI agent is authorized to do at runtime, including in NVIDIA OpenShell environments. Leveraged products tied to the stock moved too: the Direxion Daily NVDA Bull 2X ETF rose 2.8% on Monday on volume about 60% below its average.

What to watch in SpaceX and Tesla earnings

SpaceX (SPCX) reports Tuesday and Tesla Wednesday, per FXStreet. Investor’s Business Daily flags a Starlink question: Ukraine’s President Zelenskyy feels “betrayed” by a recent slowdown in Starlink military service.

On a possible merger, Kalshi’s odds are a market signal, not a company statement. The same report says ARK models a deal by 2031. Separately, Musk said he will give every US child a SpaceX share next year. The source gives few details, so treat the plan as unconfirmed until the company explains it.

Other signals

A San Francisco startup raised $9 million to use AI agents to find semiconductor materials that could address the “major heat problem” for AI chips. It is small, but it shows where chip constraints are being targeted.

Bernstein’s Microsoft target change is minor, a $2 increase.

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