Open: 351.06 Close: 352.13 Change: 1.07

Today's Summary

Broadcom shares are up 51% year-to-date fueled by strong AI demand. Bank of America Securities analyst Vivek Arya said Broadcom sees a $50 billion to $100 billion AI revenue opportunity in fiscal 2026 and 2027. AVGO shares were up 0.13% at $349.76 during premarket trading. AVGO stock could hit $800 in five years if enterprise AI product demand remains robust. AVGO anticipates $73 billion worth of AI product backlog over the next year and a half. Deliveries of these products, moreover, should drive 150% year-on-year AI revenue growth.