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Wall Street Turns More Bullish on Broadcom as AI Chip Pipeline Widens

Analysts point to a swelling pipeline of custom AI chips driving their growth forecasts.

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Overview

  • Broadcom now has Buy ratings from 94% of 54 covering analysts, and the average 12‑month target implies more than 13% upside from recent levels.
  • Mizuho, after talks with Broadcom’s top executives, flagged momentum across custom chips and AI networking that supports sustained growth.
  • The firm highlighted an expanding pipeline that includes Google TPUs and multi‑gigawatt deployments for Anthropic, MTIA and OpenAI.
  • Mizuho said these drivers support Broadcom’s AI revenue topping $120 billion by 2027, reinforcing earlier bullish models.
  • Broadcom reported $8.4 billion in AI‑segment revenue in fiscal Q1 2026, up 106% from a year earlier, and it expanded a Google Cloud tie‑up for Cloud Network Insights powered by AppNeta.