By Chris Neiger
Publication Date: 2026-03-17 14:15:00
Broadcom (AVGO 0.34%) has been a phenomenal artificial intelligence (AI) stock over the past three years, rising 449% thanks to rising demand for the company’s processors as large tech companies fight for AI dominance.
And more gains could be on the way. Analysts’ average price target for Broadcom stock over the next 12 to 18 months is about $463. That would represent a gain of about 38% at the stock’s current price, which seems possible given current AI spending and Broadcom’s position in the hardware space.
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Broadcom is a leader in AI processor hardware
Broadcom designs and manufactures application-specific integrated circuits (ASICs) that have quickly become an important part of AI data centers. The company’s customers include leading tech companies like Meta and Alphabet.
Counterpoint Research estimates that despite rising competition, Broadcom will remain the leader in AI-focused ASICs, with 60% market share by 2027.
The most recent proof of…
