Broadcom Inc. (AVGO) shares have surged 60% over the past 12 months, significantly outpacing the broader Zacks Computer and Technology sector’s return of 25.2% and the Electronics – Semiconductors industry’s 53.2%. The company’s strong performance is largely due to a robust product portfolio and increasing demand for its AI solutions, with expectations for AI revenues in the first quarter of fiscal 2026 projected to reach $8.2 billion, doubling from the previous year.
Broadcom maintains a favorable position within the industry, evidenced by a backlog exceeding $10 billion for AI switches and strategic partnerships with major companies like OpenAI and Walmart. The upcoming fiscal quarter is expected to report revenues of $19.27 billion, showing a growth of 29.2% from the same period last year.
