Broadcom (AVGO) Defies Gravity: Can the Chip Giant Sustain Its 300% Rally?
Silicon’s silent conqueror keeps printing gains—while Wall Street analysts scramble to upgrade price targets.
Behind the surge: Broadcom’s chokehold on cloud infrastructure and AI chip demand shows no signs of loosening. Their custom ASICs now power half the hyperscalers’ data centers—a moat that keeps widening.
But here’s the kicker: valuation multiples still trail peers despite 300% upside. Either the market’s pricing in an imminent collapse (unlikely) or fund managers are too busy chasing meme stocks to notice a cash-generating behemoth.
One thing’s certain: when the music stops, shareholders will learn whether those dividends were protection—or just sedatives.