Broadcom hits a 95.5% gain two years into Eric Bleeker's AI Portfolio

Broadcom's position in Eric Bleeker's AI Portfolio is up 95.5% as of October 2026, two years after it was added. That is the kind of return that tends to separate a portfolio's core conviction plays from the rest of its holdings.

The custom-silicon angle was the thesis from the start. Broadcom designs application-specific integrated circuits that hyperscalers use to build their own AI accelerators, putting the company at the center of the AI infrastructure buildout without the same concentration risk as a single-chip pure-play.

The position retraced sharply more than once before reaching its two-year mark, a reminder that conviction in the thesis had to outlast several deep drawdowns.

At the two-year mark, this position functions as the portfolio's proof of concept: that early, specific bets on the infrastructure layer of AI can compound meaningfully even when the path is uneven. How Broadcom's custom-chip pipeline develops with its hyperscaler customers is the key variable to monitor from here.