Goldman Sachs raised its Broadcom stock forecast following an extended partnership with Meta. This agreement secures Broadcom’s role in co-developing Meta’s custom AI Training and Inference Accelerator (MTIA) chips through 2029. The initial commitment for this project exceeds 1 gigawatt of capacity.
Analysts view the deal as a reinforcement of Broadcom’s position within the AI infrastructure market. Recent agreements with Google and Anthropic further increase visibility for long-term AI revenue.
Broadcom shares have outperformed the S&P 500 by approximately 20% since April 6. This rally follows a series of high-profile AI technology deals.