By Khac Phu Nguyen
Publication Date: 2026-10-08 11:59:00
Broadcom AVGO, the custom AI chip and infrastructure software supplier, traded at $375.33 on Oct. 7, down approximately 0.13% from the previous close. The AI spending story remains strong: Investing.com reported that Marvell set a $20 billion revenue target for fiscal 2028, highlighting the growing market for custom chips. More demand is welcome. More competition comes with it.
Broadcom already operates at a different scale. The company reported $16.7 billion in third-quarter AI semiconductor revenue, up 221% from a year earlier, and projected $21.7 billion for the fourth quarter. That quarterly forecast exceeds Marvell’s entire annual revenue target for fiscal 2028. The comparison shows Broadcom’s size advantage, though the figures cover different periods and businesses.
The valuation snapshot puts Broadcom 10.86% below its $421.04 GF Value™ estimate, suggesting potential upside if its growth assumptions hold. But a valuation gap alone cannot protect returns. Broadcom still needs…
