Is Broadcom (AVGO) the Fastest Growing S&P 500 Stock to Buy Now?

Broadcom Inc. (NASDAQ:AVGO) is one of the 10 Fastest Growing S&P 500 Stocks to Buy Now.

On May 14, 2026, Wells Fargo raised the firm’s price target on Broadcom Inc. (NASDAQ:AVGO) to $545 from $430 while maintaining an Overweight rating on the shares. The firm raised its fiscal 2027 and fiscal 2028 revenue estimates by 22% and 19%, respectively, while also increasing EPS forecasts by 28% and 23% relative to consensus expectations. Wells Fargo said its updated analysis suggests Broadcom’s AI semiconductor revenue opportunity could be running 30%-40% above prior assumptions.

Citi analyst Atif Malik also raised the firm’s price target on Broadcom Inc. (NASDAQ:AVGO) to $500 from $475 while maintaining a Buy rating on the shares ahead of earnings. Citi said stronger AI demand should help Broadcom deliver April quarter results modestly above expectations and cited improving earnings visibility for the target increase.

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On May 8, 2026, reports indicated that Apollo Global Management and Blackstone were among private credit firms involved in discussions with Broadcom regarding a potential $35B financing package tied to the company’s AI infrastructure expansion efforts. According to the report, the financing would support Broadcom’s development of AI-focused semiconductor products and could rank among the largest private credit deals completed to date.

Broadcom Inc. (NASDAQ:AVGO) designs, develops, and supplies semiconductor devices and infrastructure software solutions globally.

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.

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