**Broadcom’s AI Growth Surge**
Broadcom (NASDAQ: AVGO) has experienced remarkable growth, with its stock price increasing nearly 500% since early 2023 and reaching a market capitalization of $1.56 trillion as of now. The company’s Q4 2023 revenue rose 28% year-over-year to $18 billion, contributing to a projected revenue growth forecast of $19.1 billion for Q1 2024, which would represent an additional 28% increase.
**Key Financial Metrics**
Broadcom’s earnings per share (EPS) for Q4 2023 reached $1.74, a 93% increase compared to the previous year. Moreover, the company has a backlog of $162 billion, with at least $73 billion expected to be realized over the next six quarters. Looking ahead, Broadcom anticipates that its AI semiconductor revenue will double to $8.2 billion.
**Market Outlook**
Wall Street estimates suggest that Broadcom will generate $96.8 billion in revenue by 2026, with adjusted EPS reaching $10.29, indicating growth rates of 52% and 51%, respectively. Predictions estimate that the stock price could rise to $450 per share by the end of 2026, lifting its market cap to approximately $2.13 trillion.
