Broadcom Draws New Buy Calls as AI Outlook Climbs, China Dumping Probe Weighs on Shares

Overview

• Mizuho reaffirmed an Outperform on Broadcom and lifted its 12‑month target to $410, citing the company’s higher fiscal‑2026 AI revenue outlook.
• Macquarie began coverage at Outperform with a $420 target, with analyst Arthur Lai forecasting rapid growth in AI ASICs and a leading share for Broadcom.
• Broadcom recently raised its AI revenue outlook following a strong quarter, underscoring momentum in custom chips and infrastructure software.
• Shares fell 3.84% to $346.17 after China’s Ministry of Commerce opened an anti‑dumping investigation into U.S. analog ICs that names Broadcom, and the company has not commented.
• Macquarie highlighted margin benefits from the VMware acquisition, noting operating margin improved to 66% from 62% and pointing to reported strategic ties with OpenAI.