Why is Broadcom (AVGO) One of the Best AI Chip Stocks to Buy for the Long Term?

Broadcom Inc. (NASDAQ:AVGO) is one of the 10 Best AI Chip Stocks to Buy for the Long Term. In the past year, the stock grew 44.12%, while it posted a 9.36% year-to-date growth. Based on 55 analyst ratings compiled by CNN, 93% have assigned a Buy rating to Broadcom, while 7% have assigned a Hold rating. The stock has a median price target of $525, a 38.10% upside from the current price of $380.15.

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On June 17, JPMorgan maintained its Overweight rating on Broadcom and kept the price target of $580, according to a report by Investing.com. The analyst emphasized that the company remains on track to ramp its next-generation TPU v9 2nm chip in 2028, contrary to reports from side analysts, Asia supply chain sources, and news outlets about its delay.

Earlier this month, Broadcom established a landmark strategic platform with Apollo and Blackstone to accelerate more than 20 gigawatts of global AI deployments. The AI XPV Platform uses Broadcom’s XPUs and networking solutions customized for leading frontier AI labs, including Anthropic and OpenAI.

The platform was launched on June 9 with an initial tranche of $35 billion, led by Apollo in partnership with Blackstone, to facilitate Anthropic’s capacity expansion of more than 1 gigawatt of compute infrastructure, expected to be deployed at Fluid stack-based sites starting in mid-2026.

Broadcom Inc. (NASDAQ:AVGO) is a technology leader that designs, develops, and supplies semiconductors and infrastructure software for global organizations’ complex, mission-critical needs. Broadcom combines long-term R&D investment with superb execution to deliver the best technology at scale.

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