Analysts Bullish on Broadcom (AVGO) Amid Strong AI Chip Outlook

Broadcom Inc. (NASDAQ:AVGO) is one of the best stocks to buy right now.

Analysts Bullish on Broadcom (AVGO) Amid Strong AI Chip Outlook

On January 11, 2026, Mizuho revisited semiconductor stocks and shared its revised 2026 outlook. The firm expects continued demand for the sector, driven by artificial intelligence. It projects AI-related chips and equipment to continue to support the sector. However, it sees smaller gains in 2026 compared to the previous year. In this context, it named Broadcom Inc. (NASDAQ:AVGO) as one of the three best picks, alongside Nvidia and Lumentum.

This bullish sentiment was echoed by Bernstein SocGen on January 9, 2026, when its analyst Stacy Rasgon reiterated an ‘Outperform’ rating with a $475.00 price target. The update followed the analyst’s meeting with Broadcom Inc. (NASDAQ:AVGO) management. Following the meeting, the analyst shared an update, dismissing concerns surrounding rising AI competition and customer-owned tooling. The analyst cited the company’s unmatched technological innovation, execution of its XPU roadmap, and supply chain scale. The company’s technical advancements, represented by 3D chip stacking and 400G SerDes, reflect the company’s manufacturing capabilities. These capabilities, alongside packaging know-how, position the company well as a dominant player in AI ASIC. These positives fuel a resilient outlook for the company amid Nvidia’s continued growth.

Broadcom Inc. (NASDAQ:AVGO) focuses on designing and supplying semiconductors and infrastructure software solutions, including AI-focused chips, IP licensing, cybersecurity, storage, and networking.

While we acknowledge the potential of AVGO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AVGO and that has 100x upside potential, check out our report about this cheapest AI stock.

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