Broadcom Draws Fresh Price-Target Hikes as AI Chip Momentum Builds Before Dec. 11 Earnings

Overview

• Broadcom reports fiscal Q4 on Dec. 11, with consensus calling for $1.87 EPS and $17.5 billion in revenue.
• UBS lifted its target to $472 and Bank of America to $460, while aggregated estimates show 23 Buys and a $425 average target.
• Shares are up about 68% in 2025, driven by demand for custom AI chips from clients such as Google, Meta and Apple.
• The company previously logged record Q3 results, including $5.2 billion in AI semiconductor revenue and more than $10 billion in XPU-based AI rig orders, with a fourth customer slated to ship substantially in 2026.
• Reports suggest Microsoft is shifting Azure custom-chip work from Marvell to Broadcom, as several analysts forecast faster AI-chip growth in 2026, including Morningstar’s view that AI revenue could reach $40 billion.