By Habib Ur Rehman
Publication Date: 2026-05-22 10:34:00
Broadcom Inc. (NASDAQ:AVGO) is one of the best stocks to buy according to Goldman Sachs’ Conviction List. Goldman added Broadcom to its U.S. Conviction List on January 5, alongside Dick’s Sporting Goods, while removing Capital One, Cadence Design Systems, and Houlihan Lokey. Goldman’s list is meant to highlight 20 to 25 differentiated Buy-rated U.S. ideas, and its Broadcom call was tied to the company’s position in enterprise networking silicon and its expected share gains in custom silicon processors for major hyperscalers.
The AI infrastructure case has only grown larger since then. On March 4, Broadcom reported record fiscal Q1 2026 revenue of $19.3 billion, up 29% year-over-year, while AI revenue rose 106% to $8.4 billion. The company guided for Q2 revenue of about $22.0 billion and AI semiconductor revenue of $10.7 billion. Reuters also reported that CEO Hock Tan said Broadcom had a line of sight to more than $100 billion in AI chip revenue in 2027, helped by…
