Broadcom Edges Higher as AI Chips Target $21.7 Billion

This article first appeared on GuruFocus. Broadcom (NASDAQ:AVGO), the custom-chip and infrastructure-software powerhouse, projected $21.7 billion in fiscal fourth-quarter AI semiconductor revenue as hyperscaler spending keeps pushing its chip business higher. Shares gained approximately 0.2% to $358.13. The valuation picture adds another angle: Broadcom's share price sits 12.42% below its $408.91 GF Value, suggesting the stock remains below GuruFocus' estimate of fair value despite its powerful AI run. Warning! GuruFocus has detected 3 Warning Sign with AVGO. Is AVGO fairly valued? Test your thesis with our free DCF calculator.AVGO GF Value chartBroadcom Edges Higher as AI Chips Target $21.7 Billion·us.finance.