Broadcom (AVGO) rose 1.46% to $329.91 as investors regain confidence in its AI infrastructure growth, rebounding from a recent post-earnings decline. The stock's recovery is driven by a massive AI backlog and strong analyst support despite broader sector headwinds.

  • The company reported a $73 billion AI backlog and projects 54.5% EPS growth for fiscal 2026, supported by custom chip orders from five hyperscale customers.
  • Wall Street remains highly bullish with 38 of 43 analysts maintaining "Buy" ratings and a price target of $420.04, representing a potential 29% upside.
  • While valuation remains high at 68x trailing earnings, the stock is outperforming the declining technology sector as markets reassess its long-term AI opportunity.