By @realheygotrade
Publication Date: 2026-05-26 21:39:00
Gotrade News – Broadcom climbed 3.6% to $428.92 after launching its BCM68850 chip with integrated AI and Wi-Fi 8 capabilities. SanDisk surged 6.9% to $1,580.12, extending year-to-date gains beyond 500% on strong AI-driven memory demand.
Investors are pricing in a multi-year AI infrastructure cycle as hyperscaler orders deepen and custom silicon partnerships expand. The rally also reflects renewed conviction that semiconductor supply chains will absorb sustained data center buildouts through 2027.
Key Takeaways
- Broadcom guided Q2 AI revenue to $10.7 billion and projects over $100 billion annually by 2027.
- SanDisk beat consensus EPS by nearly 60% and guided fiscal Q4 revenue up to $8.25 billion.
- Huawei unveiled LogicFolding architecture, targeting 1.4-nm-equivalent density by 2031 without EUV tools.
According to Investing.com, Broadcom (AVGO) rose 3.6% after Citi named it the top semiconductor pick for 2026. UBS raised its price target to $490 from $475, and 26 analysts now maintain a Buy…
