Broadcom Inc. maintains a Strong Buy rating as AI chip demand is robust, with $350 billion in shipments locked for fiscal 2027–2028. AVGO's AI revenue targets—$115B in 2027 and $230B in 2028—are grounded in secured supply and customer power constraints, not theoretical ceilings. Capex is rising sharply to address supply chokepoints, but operating margin remains strong at 67.9%, with AI now 56% of total revenue.
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