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Broadcom (AVGO) Gets Fresh $382 Target — Can It Keep Pace With Nvidia?

Broadcom Inc. (NASDAQ:AVGO) is one of the AI Stocks to Watch Out For in 2025On September 2, Morgan Stanley raised the firm’s price target on the stock to $357 from $338 and kept an Overweight rating on the shares.

The firm said that its latest ASIC checks are positive and that it has a bullish ethernet networking outlook. Moreover, it also sees continued strength in hyperscaler capex and inference demand.

The firm raised estimates ahead of earnings due to the “strong prospects” for both ASICs and networking in AI along with a “modest recovery” in Broadcom’s core business.

“Outside of AI, we expect a cyclical recovery in semis and stable software.”

Post earnings, on September 5, Morgan Stanley analyst Joseph Moore raised the price target on the stock again to $382.00 (from $357.00) while maintaining an Overweight rating. Analysts remain bullish on Broadcom, but note how the new long-term forecasts are risky. Customers have multiple supplier options to choose from, and Nvidia is still much bigger than Broadcom.

“This is one of the most credible management teams in our coverage, but it’s worth noting that they have never done this type of 2-3 year forecasting before, that ASIC programs are delayed frequently, that export controls are a major factor where AVGO evades scrutiny that has dominated the dialogue vs. merchant peers. The major ASIC customers are all multisourcing and pushing on multiple vectors at once, and could at some point choose a different lane. We note that NVIDIA forecast $7 bn of sequential growth, more than the entirety of AVGO quarterly AI revenue, with 3-4x the networking revenue, so some of AVGO’s share gain commentary falls flat.”

Broadcom is a technology company uniquely positioned in the AI revolution owing to its custom chip offerings and networking assets.

While we acknowledge the risk and potential of AVGO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AVGO and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Must-Watch AI Stocks on Wall Street and 10 AI Stocks Investors Are Watching Closely.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

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