Overview
- Broadcom told investors its AI semiconductor revenue is set to double year over year in Q1 to about $8.2 billion, representing more than 40% of projected quarterly sales.
- AI chip revenue reached roughly $20 billion in fiscal 2025, about 31% of total revenue, and the company is targeting an annualized $60–$90 billion by the end of fiscal 2027 largely from three hyperscale customers.
- Recent AI infrastructure capex plans from Amazon, Meta and Alphabet are cited as key demand drivers for Broadcom’s custom accelerators distinct from general‑purpose GPUs.
- Jefferies reiterated a Buy rating with a $500 price target, while a Forbes analysis outlined a path to $444 as shares recently rose about 11% to around $343.
- Cathie Wood’s ARK disclosed buying 87,148 shares (about $27 million) as analysts note a sizable enterprise value near $1.6 trillion and highlight customer concentration and valuation as key risks.