Wall Street analysts predict Broadcom may outperform Nvidia in AI chip growth
Analysts at 24/7 Wall St. rate Broadcom stock a buy with a $416 price target, citing a 22% potential upside despite its 0.77% year-to-date gain. The company’s AI semiconductor revenue jumped 221% to $17 billion in the latest quarter, outpacing Nvidia’s slower growth guidance. Broadcom’s fiscal 2027 AI revenue is expected to nearly double to $115 billion, driven by custom AI accelerators (XPUs)…
Key points
- Broadcom’s AI chip revenue surged 221% to $17 billion, outpacing Nvidia’s slower growth guidance
- Analysts predict 22% upside with a $416 price target, despite Broadcom’s 0.77% year-to-date gain
- Broadcom expects $115B AI revenue in 2027 and $230B in 2028, backed by $63B financing deal
Broadcom’s growth is backed by a $63 billion financing deal for AI compute capacity, announced by Bank of America, Blackstone, Citi, and Morgan Stanley. The company projects AI revenue of $230 billion in fiscal 2028 and EPS above $30. Anthropic’s planned deployment of 5 gigawatts of Broadcom’s TPU v8i in 2027 and potential expansion to 10 gigawatts in 2028 further supports its long-term outlook. However, Broadcom missed inclusion in the firm’s Top 10 Stocks to Buy Now list, suggesting mixed investor sentiment despite its technical fundamentals.
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2 episodes →- Wall Street analysts predict Broadcom may outperform Nvidia in AI chip growththis story
Prediction: Wall Street’s Next AI Favorite May Not Be Nvidia
finance.yahoo.com · 29 October 2026
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