By Faisal Humayun Khan
Publication Date: 2026-03-06 16:06:00
Broadcom (AVGO) stock has been in a steady uptrend with returns of 89% in the last 52 weeks. However, the stock had touched highs of $414.6 in December 2025, and there has been an almost 20% correction. With industry tailwinds translating into a healthy growth outlook, it seems like a good opportunity to accumulate AVGO stock.
To put things into perspective, Broadcom recently reported Q1 FY26 results, and top-line growth was 29% on a year-on-year (YoY) basis to $19.3 billion. This momentum was driven by healthy growth in AI semiconductors.
Importantly, the company’s CEO, Hock Tan, believes that Broadcom is in the “line of sight to achieve AI revenue from chips in excess of $100 billion in 2027.” Tan also underscored the point that the supply chain has been secured to achieve this target. Therefore, the next 12 to 24 months are likely to be characterized by strong growth momentum and will imply positive price action.
Headquartered in Palo Alto, Broadcom…
