Broadcom ( (AVGO) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Broadcom has become a standout AI play, with its stock up 115.8% over the past year despite some recent volatility, and Wall Street expecting more upside ahead. The shares last closed at $333.97, while the Street’s average 12‑month target hovers around $465, implying strong potential gains as analysts maintain a Strong Buy consensus.
Fresh confidence stems from Broadcom’s long‑term deal with Google to co‑design next‑generation TPUs through 2031 and supply networking components for Google’s AI data centers. The partnership extends to Anthropic, which will tap roughly 3.5 GW of TPU capacity from 2027, potentially adding about $12 billion in incremental revenue for Broadcom as AI workloads scale.
Top analysts are lining up behind the story: Goldman Sachs’ James Schneider reiterated a Buy with a $480 target, highlighting Broadcom’s deepening, diversified exposure to leading AI customers and its edge in custom silicon and AI networking. KeyBanc’s John Vinh also reaffirmed a Buy and set a $500 target, reinforcing expectations that these AI‑driven deals could push earnings and the stock meaningfully higher over the long term.