Broadcom Stock Surges to All-Time High Monday, Extending Earnings-Fueled Rally

Broadcom (AVGO) shares jumped to a recent all-time excessive Monday, because the chipmaker’s post-earnings rally continued. 

The inventory was up over 10% in intraday buying and selling to $248.09, heading for a record-high shut. It has gained almost 40% since Broadcom reported fiscal fourth-quarter earnings Thursday that topped expectations, with final week’s features pushing the corporate’s market capitalization above the $1 trillion degree.

Several analysts raised their worth targets late final week within the wake of Broadcom’s better-than-expected outcomes, and with Monday’s climb, the inventory has already exceeded or is near hitting most of these targets. Citi had bumped its goal to $220, whereas JPMorgan and Bank of America raised their targets to $250.

Bernstein analysts in contrast Broadcom’s meteoric rise to that of synthetic intelligence (AI) darling Nvidia (NVDA), writing Monday that the inventory could also be having its personal “Nvidia second.” Broadcom shares have greater than doubled in worth this yr as demand for infrastructure to assist AI surged, as have shares of Nvidia. The analysts issued a $250 goal and “obese” score for Broadcom, calling it a “prime decide,” together with Nvidia.

In a be aware to purchasers Monday morning, BofA additionally listed Broadcom amongst its prime six semiconductor business picks for 2025, together with Nvidia, Marvell Technology (MRVL), Lam Research (LRCX), Onsemi (ON), and Cadence Design Systems (CDNS). They pointed to Broadcom’s robust earnings per share (EPS) development and “best-semis profitability” for its inclusion within the listing.