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 is heading into its March 4 fiscal Q1 2026 report with high expectations, even as its share price has slipped year-to-date on fears of an AI bubble. Analysts see revenue near $19.2 billion, up about 29% from a year ago, and earnings per share of roughly $2.02, a jump of more than 26%, driven largely by booming demand for custom AI chips and networking gear.
The company recently flagged “very strong” demand for a new stacked AI chip, projecting shipments of at least one million units by 2027 and forecasting that AI chip sales will roughly double to about $8.2 billion this quarter. Wall Street calls Broadcom a Strong Buy, with 28 Buys, two Holds and an average price target around $452, implying roughly 40% upside from recent levels.
Top analysts at UBS, Susquehanna and Oppenheimer all reiterate bullish views, citing a $73 billion AI backlog, expectations for FY26 AI revenue that could approach $50–56 billion, and Broadcom’s position as the No. 2 AI franchise behind Nvidia. Risks cluster around the software business after the VMware deal, potential customer churn, and competition in custom chips, but the mix of strong AI growth, high free cash flow and broad institutional ownership keeps sentiment firmly positive ahead of earnings.