HSBC Raises Price Target for Broadcom Amid Strong AI Chip Growth Projections

HSBC has raised its price target for Broadcom (AVGO) from $450 to $600, maintaining a 'Buy' rating. The revision is based on upward adjustments in revenue forecasts for Broadcom's custom AI chip business ahead of Q2 fiscal 2026 earnings.

By Mwangi Enos Wed, June 3, 2026 at 8:47 PM GMT+3 4 min read · Yahoo Finance · June 3, 2026, 17:47 UTC

HSBC Raises Price Target for Broadcom Amid Strong AI Chip Growth Projections

Tickers: $AVGO $HSBC

Topics: AI chips Broadcom HSBC Stock price target revision

Read the full article at Yahoo Finance

More World news

Jensen Huang Resigns as Nvidia CEO Amid Allegations of Chinese Espionage The Verge · November 12, 2026, 16:30 UTC
Rising New Vehicle Monthly Payments Pose Affordability Risks for Ford and General Motors Motley Fool · November 12, 2026, 16:33 UTC
SpaceX Shares Rise Following Nvidia CEO Jensen Huang Resignation Motley Fool · November 12, 2026, 16:34 UTC
tZERO Receives CFTC Approval for Derivatives Exchange and Clearing Operations PR Newswire · November 12, 2026, 16:36 UTC
enGene Therapeutics Shares Surge Following Positive Mid-Stage Trial Data and Piper Sandler Upgrade Seeking Alpha · November 12, 2026, 16:33 UTC
Former Nvidia CEO Jensen Huang to Testify Before Congress Regarding Export Controls and Security Concerns TechCrunch · November 12, 2026, 16:36 UTC
Nobu Hospitality and Infracorp Partner to Develop Luxury Destination in Bahrain PR Newswire · November 12, 2026, 16:34 UTC
Serco Group Announces $292 Million Acquisition of QinetiQ's U.S. Business Seeking Alpha · November 12, 2026, 16:30 UTC
Ag Growth International Targets $30M in Cost Savings Amid Divergent Business Performance Seeking Alpha · November 12, 2026, 16:30 UTC
Qualstar Reports Q3 Non-GAAP EPS of $0.09 and Revenue of $2.04 Million Seeking Alpha · November 12, 2026, 16:31 UTC