Overview
- Broadcom introduced new Wi‑Fi 8 silicon on Jan. 6, including the BCM4918 APU and dual‑band chips BCM6714 and BCM6719 for low‑latency, secure AI experiences at the edge and in homes.
- The company filed on Jan. 12 to issue $4.5 billion in senior notes, with proceeds earmarked for general corporate purposes and repayment of existing loans.
- Shares were up about 1.3% to $347.48 on Jan. 16, with trading described as in line with overall market moves rather than driven by a discrete catalyst.
- Analyst sentiment remains supportive, with a Buy consensus and an average price target near $451 as Wells Fargo raised its target to $430 with an Overweight rating, Mizuho moved to $480, and RBC set $370 with Sector Perform.
- Bernstein’s Stacy Rasgon reaffirmed Outperform at $475 after meeting company leadership, saying worries about accelerating AI competition and customer‑owned tooling are overblown.