Broadcom edges higher, analysts highlight AI infrastructure demand for the stock

By Daniel Hoffmann, Chart & Technicals desk. Reviewed prior to publication on 2026-06-26, 07:26.

Broadcom Inc. (US11135F1012) continues to trade near record territory on the Nasdaq as investors focus on its AI infrastructure exposure. The stock recently cleared a 1,700 US dollar level after its latest earnings, supported by strong networking and custom accelerator demand, as highlighted by Reuters and other market commentators.

AI and custom chips drive the story

Broadcom Inc. underlined its AI momentum on 2026-06-12 when it reported fiscal Q2 2024 results and announced a 10-for-1 stock split effective July 15, 2024, with AI-related revenue expected to reach about 11 billion US dollars in fiscal 2024, according to its investor presentation and earnings release. The company's Q2 2024 financial results and stock-split announcement detailed that AI revenue in the quarter was roughly 31 percent of semiconductor sales, driven by custom accelerators and high-performance networking chips for cloud hyperscalers.

Analysts at several major houses, including Goldman Sachs and Morgan Stanley, have reiterated constructive views on Broadcom following those numbers, citing the company's role as a key supplier of custom AI accelerators and networking silicon to large cloud operators such as Alphabet and Meta Platforms. Recent commentary compiled by MarketWatch and other outlets notes that many analysts maintain Buy or Overweight ratings and have raised their price targets in response to Broadcom's boosted guidance and stock-split decision, reinforcing its position among large-cap US technology names in the S&P 500.

Technical picture and Nasdaq context

On the Nasdaq, Broadcom shares trade in the upper range of their 12-month corridor after the stock split and earnings news triggered marked trading volumes, according to recent price data from Nasdaq and TradingView. Chart indicators cited by technical analysts show the shares trading comfortably above their 200-day line, with the long-term moving average last seen in the low 1,300 US dollar region before the split adjustment, underlining a robust medium-term uptrend for the stock.

Compared with other AI-focused semiconductor names such as Nvidia and Advanced Micro Devices, Broadcom's stock has shown a somewhat steadier pattern in recent months, reflecting its diversified mix of infrastructure software and semiconductor solutions. A recent market commentary on MarketWatch pointed out that Broadcom's valuation, while rich on traditional metrics, is supported by multi-year visibility in custom AI accelerators and switching chips for data centers, alongside recurring software revenue from assets like VMware. MarketWatch noted broad analyst support after the AI guidance boost and split and highlighted that the company remains a core holding in many large-cap growth and technology funds.

What the company sells in AI infrastructure

Broadcom generates a large portion of its semiconductor revenue from networking chips for data centers, custom accelerators for hyperscale cloud customers and connectivity solutions such as PCIe switches, Ethernet controllers and optical interconnect components. Its portfolio also includes mainframe and security software, further stabilizing cash flows.

Where the stock trades today

Broadcom stock trades on the Nasdaq under the ticker AVGO; the most recent available quotes show the shares around their recent highs in US dollars, reflecting continued investor confidence in the company's AI and infrastructure roadmap.

This article was produced with AI assistance and editorially reviewed. Price and company figures without guarantee; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Stock-market transactions carry risks up to and including total loss.