Broadcom’s AI Chip Boom Reshapes the AI Hardware Playbook
TL;DR Summary
Broadcom (AVGO) posted a blowout AI-focused quarter with Q3 AI semiconductor revenue up 221% year over year to $16.7 billion and guided Q4 AI revenue of about $21.7 billion, while management projects $350 billion in AI semiconductor shipments over the next two years and aims for roughly $30 per share in fiscal 2028. 24/7 Wall St. gives AVGO a Buy with a $422.39 price target, arguing the six-named-XPU customer roadmap and hyperscaler partnerships could rewrite the AI supply chain, potentially delivering an upside near 19% today, though risks include customer concentration and supply-chain constraints.
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