By Anusuya Lahiri
Publication Date: 2026-01-22 10:43:00
Broadcom Inc. (NASDAQ:AVGO) is drawing growing analyst support as artificial intelligence adoption accelerates, and hyperscaler spending tightens supply chains.
Broadcom continues to see rising demand for its chips as artificial intelligence adoption accelerates, TD Cowen analysts said after meeting with the company.
Analysts led by Joshua Buchalter reaffirmed a Buy rating and a $450 price forecast on Broadcom shares.
Hyperscalers, Memory Tightness And Custom Silicon Tailwinds
Analysts are turning more constructive on Broadcom and its peers as hyperscaler demand tightens the memory supply.
After an Asia trip, KeyBanc analyst John Vinh said hyperscalers are locking in DRAM and NAND capacity ahead of expected 50% data center bit growth in 2026, driving sharp increases in contract pricing.
Vinh maintained positive views on AI and infrastructure-linked names such as Nvidia Corp. (NASDAQ:NVDA), Broadcom Inc. (NASDAQ:AVGO), Marvell Technology Inc. (NASDAQ:MRVL), and others.
Within custom…