Broadcom Inc. (NASDAQ:AVGO) is a prominent player in the semiconductor industry, known for its innovative solutions in networking and virtualization. The company is a leader in data center networking, producing essential components like Ethernet switches and network interface cards. These components are crucial for managing data flow and distributing AI workloads across servers, especially as AI chip clusters grow more complex.
On December 4, 2025, Oppenheimer maintained its "Outperform" rating for AVGO, with the stock priced at $381.03. Oppenheimer also raised Broadcom's price target from $400 to $435, as highlighted by TheFly. This reflects confidence in Broadcom's growth potential, particularly in its ASICs business, which is experiencing significant expansion.
Broadcom's collaboration with Google on AI chips, including the latest Ironwood or TPUv7, is a key growth driver. Google has secured Anthropic as a major customer, ordering up to one million TPUs, with Meta also becoming a significant buyer. This growing demand is reflected in Broadcom's order book, with potential "AI rack" demand exceeding $10 billion in fiscal year 2026.
The company's upcoming earnings report for the quarter ended October 2025 is set for release on December 11. Wall Street expects a year-over-year increase in earnings, driven by higher revenues. The Zacks Consensus Estimate predicts quarterly earnings of $1.87 per share. The stock's movement will depend on how actual results compare to these expectations.
AVGO's stock is currently priced at $381.03, with a slight increase of 0.11% or $0.42. The stock has fluctuated between $376.53 and $383.89 during the trading day. Over the past year, AVGO has reached a high of $403 and a low of $138.10. The company has a substantial market capitalization of approximately $1.79 trillion, with a trading volume of 15.63 million shares today.
