By Boluwatife Remy
Publication Date: 2026-05-13 19:31:00
The question surrounding Broadcom (NASDAQ:AVGO) heading into its next earnings report is not whether the company belongs among the AI trade’s biggest winners. That debate ended a long time ago. The more pressing question is whether a business already generating tens of billions in AI-related revenue can keep growing fast enough to justify a valuation that has briefly crossed $2 trillion.
Citi’s answer, for now, is yes. Analyst Atif Malik raised his price target on the stock from $475 to $500 on May 12, kept his Buy rating in place, and named Broadcom his top semiconductor pick for 2026. The timing was deliberate. Broadcom reports its fiscal second-quarter results on June 3, and Malik is going on record ahead of the print rather than reacting to it afterward, a meaningful signal of conviction given how far the stock has already traveled.
The Numbers Behind the Confidence
The bullish case starts with what Broadcom has already delivered. In its most recent…
