Broadcom Inc. (NASDAQ:AVGO) is one of the stocks that should double in 3 years. On March 5, Bloomberg reported that Broadcom CEO Hock Tan announced a bold strategic target, stating that the company has ‘line of sight’ for its AI chip sales to exceed $100 billion in 2027. This represents a massive acceleration from the $20 billion in AI sales reported in 2025. To support this growth, Broadcom has already secured the necessary supply chain capacity.
While Nvidia remains the dominant force in AI accelerators, Broadcom Inc. (NASDAQ:AVGO) is successfully positioning itself as the premier alternative through its custom-made semiconductors and networking hardware. The company’s growth is fueled by deep collaborations with hyperscale tech giants. Broadcom is a key partner in developing Google’s TPU and has secured high-volume contracts with OpenAI, Meta Platforms, and Anthropic.
Hock Tan dismissed rumors of a slowdown with Meta, confirming that their roadmap is alive and well, with next-gen products expected to scale to multiple gigawatts of computing capacity by 2027. In the most recent fiscal quarter, AI revenue more than doubled to $8.4 billion, surpassing internal expectations. In addition to its ambitious AI targets, Broadcom delivered a FQ2 revenue outlook of $22 billion, beating analyst estimates. To reflect confidence in its long-term trajectory, the company announced a new $10 billion stock buyback plan to be executed through the end of the year. This follows $7.8 billion in repurchases already completed in FQ1.
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Broadcom Inc. (NASDAQ:AVGO) designs, develops, and supplies various semiconductor devices and infrastructure software solutions internationally. The company operates in two segments: Semiconductor Solutions and Infrastructure Software.
While we acknowledge the potential of AVGO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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