Broadcom's AI semiconductor revenue surged 143% YoY to $10.8B, with management guiding Q3 to $16B and citing demand visibility through 2028. While AMD and MRVL surged over 140% YTD, AVGO trades 34% below its Wall Street consensus target, offering the group's largest implied analyst upside. BNP Paribas Exane's Street-high $675 target implies 72% upside, backed by 92% of covering analysts holding Buy or Strong Buy ratings with zero Sells.
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) trades at $392.99, well below the Wall Street average analyst price target of $527.88, a gap of roughly 34%.
The dominant custom silicon partner for hyperscale AI buildouts supplies Google TPUs, Meta MTIA accelerators, and Ethernet networking for AI clusters. Its most recent quarter posted AI semiconductor revenue of $10.8 billion, up 143% year over year, with management guiding the current quarter to $16 billion. Broadcom shed 8.13% in a single week, sliding from a 52-week high of $494.18 to $392.99.
The three-month move sits at negative 6.43%. The business remains solid. Q2 fiscal 2026 delivered revenue up 47.9% year over year and non-GAAP EPS of $2.44 against a $2.40 estimate, extending the streak to eight consecutive EPS beats.
Investors are questioning whether triple-digit AI growth sustains into 2027 and whether hyperscaler capex remains durable. A broader wobble in AI-capex sentiment drove Reddit sentiment on Broadcom to its lowest reading of the year, a very bearish score of 12, and the stock got caught in that downdraft. Coverage has essentially ignored the pullback.
Roughly 92% of covering analysts remain bullish, with 7 Strong Buy and 37 Buy ratings against 4 Holds and zero Sells. The mean price target of $527.88 implies 34% upside. The Street-high sits at $675 from BNP Paribas Exane, worth roughly 72% upside from here.
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