This AI Stock Could Be Worth Far More Than Investors Think

Quick Read Broadcom (AVGO) trades at just 19x forward earnings despite AI semiconductor revenue surging 221% YoY, supporting a $424 price target with 22% upside. AVGO's 19x forward multiple looks cheap against NVIDIA (NVDA) at 24x and Marvell (MRVL) at 56x, despite faster AI revenue acceleration than both peers. Hock Tan targets $230 billion in fiscal 2028 AI revenue across a $350 billion XPU pipeline with Google, OpenAI, and Meta as anchor customers. Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor) Broadcom (NASDAQ:AVGO) has become the second most valuable custom AI chip franchise on the planet, yet the stock is down over the past month and trading well below its 52-week high.