HSBC Raises Broadcom's Stock Price Target Amid Strong AI Chip Growth

HSBC has raised its price target for Broadcom (AVGO) from $450 to $600, citing a significant upward revision in the company’s custom AI chip revenue estimates. The firm now forecasts FY2026 ASIC revenue of $46 billion and FY2027 at $100.2 billion, both above market consensus.

By Mwangi Enos · TheStreet · June 3, 2026, 14:47 UTC

Tickers: $AVGO $HSBC

Topics: AI chips ASIC revenue Broadcom buy rating HSBC

Read the full article at TheStreet

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