By Vandita Jadeja
Publication Date: 2026-10-14 12:45:00
Nvidia dominated the AI chip conversation for two years, but a quiet shift toward custom accelerators is reshaping where the real money flows, and one semiconductor company is booking orders deep into 2028 to prove it.
For two years, investors treated AI chips as a one-company story. Fresh results from Broadcom (NASDAQ:AVGO | AVGO Price Prediction) show the money now flowing into custom accelerators (XPUs) and the networking silicon that links them.
Broadcom last closed at $361.54. Our 24/7 Wall St. price target is $429.85 for the next 12 months, which implies 18.89% upside.
24/7 Wall St. Price Target Summary
| Metric | Value |
|---|---|
| Current Price | $361.54 |
| 24/7 Wall St. Price Target | $429.85 |
| Upside/Downside | 18.89% |
| Recommendation | BUY |
| Confidence Level | 90% |
Our confidence is high. Analyst support is close to solid, and earnings are growing fast enough to justify a higher price. Shares changed hands at $356.88 at noon Monday, down 1.29%.
Record AI Revenue Runs Into an AI Credit Scare
The stock has gone nowhere lately even as the business has taken off. Shares are up 0.49% over the past week, down 1.88% over the past month and up only 3.68% year to date. That leaves them between a 52-week high of $493.28 and a low of $288.95.
Recent selling tracks concerns over AI-related borrowing, which MarketWatch described as a credit scare hitting Broadcom and Oracle.
Fundamentals are speeding up. Fiscal Q3 revenue came in at $29.59…
