Broadcom's fiscal third-quarter revenue rose 85.5% to $29.59 billion, above the $29.44 billion estimate, while AI semiconductor revenue grew 221% to $16.70 billion and fourth-quarter guidance calls for $21.7 billion. Management expects fiscal 2027 AI revenue to about double to $115 billion, yet shares rose 1.32% to $346.86 on Wednesday, still 29.7% below the $493.28 52-week high. The 24/7 Wall St. model sets a price target of $415.95, 21.55% above the $342.19 reference price, while the consensus target is $529.10. Risks include revenue depending on six XPU customers and timing risks tied to land, power, data-center shell preparation and financing, plus gross margin falling 210 basis points to 75%.
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NVDABroadcomsemiconductorsartificial intelligence
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NVDA
▼ Likely negativeNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/28/2026 | 215.39 |
| Change that session | -1.17% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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