Broadcom reported fiscal third-quarter revenue up 85.5% to $29.591 billion, above consensus, with AI semiconductor revenue of $16.7 billion (up 221%) and fourth-quarter revenue guidance of $34.8 billion. Management outlined AI revenue of about $115 billion in fiscal 2027 and $230 billion in fiscal 2028. The stock still sits about 31.5% below its 52-week high after CEO Hock Tan's October 12 warning about AI investors, and he called land, power and data-center shells a big concern for deployment timing. The 24/7 Wall St. model sets a $419.38 price target, 21.12% above the $346.25 reference price, while shares traded at $337.81 midday Thursday.
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Broadcomearningsartificial intelligenceNVDA
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▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/19/2026 | 217.09 |
| Change that session | +1.38% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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