By Vandita Jadeja
Publication Date: 2026-11-04 15:33:00
Broadcom’s AI chip revenue is surging at a triple-digit pace while the stock trades near its 52-week low, and the gap between Wall Street’s target and one analyst model’s projection runs to hundreds of dollars per share. Three scenarios map…
Broadcom (NASDAQ:AVGO | AVGO Price Prediction) is building custom AI chips for the biggest frontier labs, and the business is growing at a pace that is hard to match. Last quarter, AI semiconductor revenue reached $16.70B, +221% YoY, and total revenue rose 85.5% to $29.591B.
Chief executive Hock Tan said “Demand for our custom AI accelerators and networking continues to be very strong.” The stock is still down 3.6% year to date at $326.08. Can Broadcom hit $600 by 2028?
What’s Holding Broadcom Back Right Now
Shares traded at $495 when Broadcom reported in June and at $371.27 when it reported in September. Over the…
