In every major technology cycle, there comes a moment when the numbers stop looking like projections and start looking like history being made in real time. Broadcom (AVGO) may be the king of the moment.
HSBC raised its price target on Broadcom, maintaining its Buy rating, as the firm dramatically revised its estimates for the company's custom AI chip business upward ahead of second-quarter fiscal 2026 earnings.
AVGO is up 39.43% year-to-date and 95.20% over the past year, according to Yahoo Finance, with the stock trading at fresh all-time highs around $488.
The core of HSBC's revision is a specific claim about where Broadcom's ASIC revenue is heading — and the answer is a number that reframes the entire AI infrastructure investment thesis.
Also Read: Broadcom Inc. Latest News
HSBC raised its price target on Broadcom, maintaining its Buy rating, as the firm dramatically revised its estimates for the company's custom AI chip business upward ahead of second-quarter fiscal 2026 earnings.
AVGO is up 39.43% year-to-date and 95.20% over the past year, according to Yahoo Finance, with the stock trading at fresh all-time highs around $488.
The core of HSBC's revision is a specific claim about where Broadcom's ASIC revenue is heading — and the answer is a number that reframes the entire AI infrastructure investment thesis.
Also Read: Broadcom Inc. Latest News
1 day ago
