Broadcom (AVGO) is projected to capture 60% of the AI server compute ASIC market share by 2027, a forecast that is expected to triple ASIC shipments driven by strong hyperscaler demand.
- Analysts maintain strong buy ratings, setting the average price target at $455.22.
- The stock closed at $333.24 (+0.14%) and traded slightly lower after hours at $332.14 (-0.33%), with recent performance aligning with broader tech sector strength.