Broadcom shares soared 15% on Friday after the chipmaker said on its earnings call that it had secured a new $10 billion customer. Analysts quickly pointed to OpenAI.

Following a better-than-expected earnings report late Thursday, Broadcom CEO Hock Tan told analysts that a fourth large customer had put in orders for $10 billion in custom artificial intelligence chips, which the company calls XPUs.

“One of these prospects released production orders to Broadcom, and we have accordingly characterized them as a qualified customer for XPUs,” Tan said. He added that the order increased Broadcom’s forecast for AI revenue next year, when shipments will begin.

Analysts at Mizuho, Cantor Fitzgerald and KeyBanc all said they think AI startup OpenAI is the customer. The Financial Times reported on Thursday, citing people familiar with the partnership, that the two companies co-designed a chip that will hit the market next year.

OpenAI declined to comment on the report.

While Broadcom doesn’t name its large web-scale customers, analysts have said dating back to last year that its first three clients were Google, Meta and TikTok parent ByteDance.

“During the call, the company surprised us by noting that it had secured a $10B order from a fourth XPU customer (we believe this is OpenAI), adding significant upside to the company’s three current XPU customers (Google, Meta, and ByteDance),” analysts at Cantor wrote in a note late Thursday. “Shipments are expected to commence in 2026.”

Broadcom’s stock has been on a tear of late as the company has joined Nvidia at the front of the race to build the kinds of processors and infrastructures needed for massive AI workloads. The stock is up about 130% in the past year, lifting Broadcom’s market cap past $1.6 trillion.

For the fiscal third quarter, Broadcom reported earnings and revenue that topped estimates. The company said it expects $17.4 billion in fourth-quarter revenue, higher than the $17.02 billion expected by Wall Street analysts, with AI revenue reaching $6.2 billion.

But news of an incoming $10 billion customer is what got Wall Street excited.

Tan said on the call that “immediate and fairly substantial demand” boosts the outlook for next year, “and really changes our thinking of what 2026 would be starting to look like.”

The company didn’t provide specific guidance for next year, but Tan suggested that growth in its AI could be above the 50% to 60% range he’d offered in the prior call.

Analysts at Mizuho raised their AI revenue growth estimate for next year to 76% up from about 60%, which would bring the total to $35 billion. Total revenue for the year ending in October 2026 is expected to increase about 30% to $81.8 billion from $63.1 billion this fiscal year, according to analysts surveyed by LSEG.

In addition to hardware, Broadcom has a large software business, keyed by its $61 billion acquisition of server virtualization software vendor VMware in 2023. Revenue in the infrastructure software business, which includes VMWare, rose 43% to $6.79 billion.

— CNBC’s Kif Leswing contributed to this report.

WATCH: Broadcom shares spike

Tesla is asking investors to approve yet another outsized pay plan for CEO Elon Musk, according to a financial filing out Friday.

The total package is worth about $975 billion based on the maximum payout, assuming share count remains.

The proposed plan for Musk, already the world’s wealthiest individual, consists of 12 tranches of shares to be granted if Tesla hits certain milestones over the next decade. It would also give Musk increased voting power over the EV maker and aspiring robotics titan, which he has publicly demanded since early 2024.

Tesla Chairwoman Robyn Denholm told CNBC’s Andrew Ross Sorkin the plan was designed to keep the CEO “motivated and focused on delivering for the company.”

“If he performs, if he hits the super ambitious milestones that are in the plan then he gets equity — it’s 1% for each half a trillion dollars of market cap, plus operational milestones he has to hit in order to do that,” Denholm said on CNBC’s “Squawk Box.”

The full award would give Musk more than 423 million additional shares. He currently holds about a 13% stake in the company.

Denholm confirmed that the Tesla CEO pay plan, if approved by shareholders, would not put any limit on where and how Musk spends his time or require him to spend any minimum number of hours per week on Tesla business.

To obtain the first award in the plan, Musk and Tesla would need to almost double their current market cap to reach $2 trillion. The final benchmark is reaching an $8.5 trillion market cap.

The operational milestones in the 2025 CEO Performance Award include: 20 million Tesla vehicles delivered, ​10 million active FSD Subscriptions, ​1 million robots delivered, ​1 million Robotaxis in commercial operation and a series of adjusted EBITDA benchmarks.

Musk has remained politically embroiled, while also running a collection of companies, including aerospace and defense contractor SpaceX, drilling venture The Boring Company, health tech company Neuralink and the artificial intelligence venture, xAI, which has merged with his social network, X.

Tesla also said in the filing Friday that it will ask shareholders at the Nov. 6 meeting to vote on whether the company should invest in Musk’s newest venture, xAI.

Musk first floated the idea publicly with an informal poll on X last July, asking whether Tesla should invest $5 billion into xAI.

Founded in early 2023 in Nevada, xAI merged with Musk’s social network X earlier this year. The company now operates a massive data center in Memphis, and plans to build out another facility there to help train and run its large language models and a chatbot called Grok.

OpenAI has announced it is developing an AI-centered jobs platform as part of broader efforts to expand AI literacy, and as the company grows its consumer and business-facing AI applications.

The ChatGPT maker’s “OpenAI Jobs Platform” will utilize AI to help connect qualified job candidates to companies, which could put it in competition with Microsoft’s LinkedIn. 

OpenAI and Microsoft have an uneasy partnership, with Microsoft formally labeling the AI startup as a competitor in search and news advertising in its annual filing last year. Microsoft is OpenAI’s biggest investor, having reportedly poured $13 billion in the company.

The news was announced by Fidji Simo, chief executive officer of applications and the former head of Instacart, in a blog post on Thursday. 

“Importantly, the jobs platform won’t just be a way for big companies to attract more talent. It will have a track dedicated to helping local businesses compete, and local governments find the AI talent they need to better serve their constituents,” Simo said.

She didn’t elaborate further on details regarding the platform, but a company spokesperson told TechCrunch that it expects to launch the service by mid-2026. 

Additionally, OpenAI will introduce a new certification program in connection with its “OpenAI Academy,” an online learning platform that teaches workers how to use AI on the job better. This could also put it in competition with LinkedIn’s learning platform, which also offers video courses across business, technology and creative fields, with certifications.

“[W]e’re going to expand the Academy by offering certifications for different levels of AI fluency, from the basics of using AI at work all the way up to AI-custom jobs and prompt engineering,” Simo said, adding that the program will utilize ChatGPT’s Study mode. The study feature turns the chatbot into a teacher that questions, hints and provides feedback, instead of giving direct answers.

Organizations will be able to make the certificate part of their own learning and development programs, with OpenAI already working with Walmart, the largest private employer in the U.S. OpenAI said it plans to certify 10 million Americans by 2030.

The plans come amid fears about how AI is impacting the labor market. Business leaders like Salesforce’s Marc Benioff have recently announced layoffs due to AI, while new studies have linked the technology to mass job loss for certain workers.  

Simo acknowledged the “disruptive” force of AI in her post, saying jobs and companies will look different and need to adapt. 

“[W]hat we can do is help more people become fluent in AI and connect them with companies that need their skills, to give people more economic opportunities. 

Recent research from labor market data company Lightcast found that roles that require AI skills pay higher salaries on average than those that don’t. 

The new initiatives were also said to come as part of OpenAI’s “commitment to the White House’s efforts toward expanding AI literacy.” 

The company has been strengthening ties with Washington, launching a new offering called OpenAI for Government on June 16, the same day it was awarded a contract of up to $200 million by the U.S. Department of Defense. OpenAI is also part of the $500 billion Stargate project, which aims to invest in AI infrastructure in the U.S. over the next four years. 

OpenAI CEO Sam Altman was part of a group of tech leaders that met with U.S. President Donald Trump on Thursday to discuss topics including the development of artificial intelligence. 

Before the dinner, first lady Melania Trump made a speech highlighting the importance of AI in education and American progress, but that “we must manage AI’s growth responsibly.”