By Vandita Jadeja
Publication Date: 2026-06-15 12:40:00
Quick Read
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AVGO trades 23% below its 52-week high despite AI chip revenue jumping 143% to $10.8 billion last quarter.
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Hock Tan projects AI chip revenue exceeding $100 billion by 2027, making the $522 Wall Street consensus price target look conservative.
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Reaching $550 requires a 44% gain but zero multiple expansion, with every dollar of upside coming from earnings growth alone at 46x forward P/E.
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Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Broadcom didn’t make the cut. Grab the names FREE today.
Broadcom (NASDAQ:AVGO) is in the middle of the most aggressive AI ramp in semiconductor history, yet shares trade nowhere near their 52-week high.
CEO Hock Tan told investors last quarter that “Broadcom achieved record revenue, operating profit and free cash flow in Q2 driven by accelerating growth in AI semiconductor revenue…