By Trefis Team
Publication Date: 2026-02-13 11:32:00
Broadcom (AVGO) shares have risen by 11% over the past week and are now priced at $343. The surge was driven by massive AI infrastructure spending announcements from major hyperscalers such as Amazon. This capex boom directly benefits Broadcom as a key supplier of custom AI chips.
CHONGQING, CHINA – AUGUST 28: In this photo illustration, a person holds a smartphone displaying the logo of Broadcom Inc. (NASDAQ: AVGO), a leading American semiconductor and infrastructure software company, with the company’s branding visible in the background on August 28, 2025 in Chongqing, China. (Photo illustration by Cheng Xin/Getty Images)
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Our multi-factor evaluation indicates that it might be a good time to acquire additional shares of AVGO stock. Overall, we maintain a favorable outlook on the stock, with a target price of $444 potentially within reach. We believe there is nothing to fear in AVGO stock due to its overall very strong operational performance and financial health….
