By Abdul Rahman
Publication Date: 2026-02-23 19:49:00
Broadcom Inc. (NASDAQ:AVGO) is one of Goldman Sachs’s top growth stock picks. On February 17, Cathie Wood’s ARK ETF disclosed that it acquired 24,205 shares of Broadcom Inc. (NASDAQ:AVGO), valued at about $7.87 million. This was after the fund divested $13.7 million worth of Teradyne Inc. (NASDAQ:TER) stock.
Separately, on February 10, UBS analyst Timothy Arcuri reiterated a Buy rating and maintained a $475 price target on Broadcom. Arcuri cited accelerating demand for Broadcom’s custom AI chip products, specifically its Tensor Processing Units (TPUs). For that reason, he projected that Broadcom will ship approximately 3.7 million TPU units in calendar year 2026, and expects the shipment to rise to more than 5 million units in calendar year 2027.
On the product roadmap, Arcuri noted that more than half of 2027 shipments will be the TPU v7 model. The next-generation TPU v8ax will take over as…
