Overview
- Broadcom shares rose about 11% over the past week to roughly $343 following fresh AI infrastructure spending disclosures by major hyperscalers.
- Jefferies reiterated a Buy rating with a $500 price target, citing AVGO’s strength in AI and networking and estimating Google could reach 6 million accelerator units in 2027 with 85%–90% tied to Broadcom.
- ARK Investment disclosed the purchase of 87,148 AVGO shares on Feb. 6, an addition of about $27 million based on its daily trades filing.
- Trefis, writing in Forbes, set a $444 target and called the stock attractive but volatile, highlighting revenue up about 24% to $64 billion with robust operating and net margins.
- A Seeking Alpha analyst argued Broadcom’s VMware-centered infrastructure software forms a wide moat that reduces risk from generic AI-driven SaaS disruption.