Broadcom's Latest Prediction Makes the Stock a No-Brainer Buy Right Now
The custom chip designer recently offered stunning guidance for its fiscal 2028.
Overview
Broadcom's (NASDAQ: AVGO) management team are no strangers to making bold predictions. For some time, the company was guiding for $100 billion in AI semiconductor sales in its fiscal 2027. Considering that its artificial intelligence (AI) semiconductor revenue was $16.7 billion in Q3 of its fiscal 2026, or about $67 billion annualized, that forecast may have looked fairly ambitious.
However, Broadcom recently made even bolder predictions for both its fiscal 2027 and 2028, and they have major implications for the stock.
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Details
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Originally published at www.fool.com.
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