AVGO

Broadcom (AVGO) remains a STRONG BUY, with a base case price target of $583 and a projected 53% upside from current levels. AVGO's AI revenue trajectory is secured by multi-year contracts, with FY27 AI revenues expected to exceed $100 billion and significant order book visibility through 2028. The company's near-monopoly in AI networking silicon and underappreciated networking business are key drivers, supporting durable growth beyond custom silicon.

For good reason, investors have come to see Broadcom NASDAQ: AVGO as a clear leader in the artificial intelligence semiconductor market. The company's AI semiconductor revenue jumped 143% year-over-year (YOY) in its latest quarter to $10.8 billion, or 49% of total sales.

Broadcom delivered solid Q2 FY26 results, but investors expected stronger revenue and earnings growth to justify its valuation. The company's diversification efforts have reduced the risk associated with Customer Owned Tooling. Broadcom formed an AI XPV financing platform in partnership with Apollo and Blackstone to finance Frontier Model companies' purchases of Broadcom's AI chips and networking equipment.

Disappointing guidance on revenue and gross margin led to the sell-off. Is this a buying opportunity?

Shares of semiconductor name Credo Technology Group Holding Ltd (NASDAQ:CRDO) are surging 10.3% at $299.88 this morning, enjoying the fruits of several bull notes.

Amazon is reportedly looking to sell its AI chips to external customers. This is yet another sign of the rising demand for this technology.

Nvidia stock was sliding amid a widespread chip-sector selloff but it was holding up better than some of its peers.

I keep clicking buy on Broadcom (NASDAQ:AVGO | AVGO Price Prediction) because the math is too good to walk away from, even with a $39 trillion national debt clock ticking and new Fed Chairman Kevin Warsh signaling that borrowing costs are not coming back down on anyone's preferred schedule.

The stock fell sharply after Broadcom reported accelerating demand for its AI chips. Management expects AI chip revenue to grow 200% year over year in fiscal Q3.

Broadcom (NASDAQ:AVGO | AVGO Price Prediction) posted record revenue of $22.19 billion on June 3, 2026, beat consensus on the top and bottom line, raised guidance, and lost roughly a fifth of its market value over the following week.