Overview
- Broadcom shares are up more than 50% year to date, placing its market value near $1.65 trillion.
- Fiscal Q3 2025 delivered record revenue of $16 billion, up 22% year over year, with adjusted EBITDA rising 30% to $10.7 billion.
- Broadcom disclosed a fourth major AI customer, a development reported as potentially boosting revenue and profitability in 2026.
- Jefferies named Broadcom its top pick, raised its price target to $480, and projected about $10 billion in AI revenue by 2027 with $40–$50 billion from 2028 onward.
- Selective buying by Progressive Investment Management and a “buy” call from Jim Cramer citing an OpenAI deal supported sentiment, though analysts warn that an AI infrastructure slowdown could dampen chip demand.