Broadcom (AVGO) has weathered its share of turbulence this year, first from the emergence of Chinese startup DeepSeek’s competing artificial intelligence (AI) model, then from market jitters tied to tariff threats under President Donald Trump that shook the broader chip sector. Yet, the stock has managed to hold firm. The company’s deep entrenchment in AI data center infrastructure, with heavyweight clients such as Alphabet (GOOGL), Meta (META), and TikTok’s parent company, ByteDance, continues to anchor its relevance. 

It’s also developing AI inference chips for the likes of ChatGPT maker OpenAI and Apple (AAPL), adding further weight to its positioning. In fact, its most recent earnings reported in March not only topped Wall Street expectations, but also showcased growing momentum in its AI business, a development that certainly caught investors’ attention. So, with Broadcom now gearing up to report its fiscal second-quarter results on June 5, the spotlight is back on the stock for a closer evaluation.  

About Broadcom Stock

Broadcom’s (AVGO) roots stretch back to 1961, but the company as we know it today took shape in 2016 with the merger of Avago Technologies and Broadcom Corporation. The California-based company has grown into a major force in the tech world, designing and delivering a wide array of semiconductor and infrastructure software solutions.

Its technology powers everything from data centers and broadband networks to wireless systems, storage platforms, and industrial applications, making it a key player across multiple high-impact markets. With a commanding market cap nearing $1.2 trillion, Broadcom has stayed resilient in 2025, brushing off broader market turbulence. Year to date, the stock is up about 10%, edging past the marginal gains of the S&P 500 Index ($SPX). 

However, the real spark has emerged lately, with shares having rocketed 25% in just the last month. Zoom out to a full year, and Broadcom’s performance looks even more impressive, boasting a 92.8% return that leaves the SPX in the dust.

Broadcom Shares Soar After Q1 Earnings

In its fiscal 2025 first-quarter earnings report released on March 6, Broadcom delivered a standout performance, posting revenue of $14.9 billion, beating estimates of $14.6 billion and marking a strong 25% year-over-year increase. Even more impressive was its adjusted earnings per share, which shot up 45.5% annually to $1.60, well above Wall Street’s forecast of $1.51. Adjusted EBITDA also surged 41% year over year, reaching $10.1 billion.

Breaking down the results, the infrastructure software segment saw revenue climb more than 47% to $6.7 billion. But the real growth engine was Broadcom’s booming AI business, which has become central to its performance. As a key supplier of AI data center infrastructure, Broadcom not only builds custom AI chips in partnership with Google but also provides the vital networking components that connect thousands of chips to power cutting-edge AI systems.

AI-related revenue alone reached $4.1 billion in the quarter, a jaw-dropping 77% year-over-year increase, helping propel its semiconductor solutions segment to $8.2 billion, up 11% from the previous year. This wave of strong results sent Broadcom’s stock soaring almost 8.6% on March 7.

Dear Broadcom Stock Fans, Mark Your Calendars for June 5

As Broadcom gets set to release its second-quarter earnings after the bell on June 5, management is striking an upbeat note. CEO Hock Tan signaled strong momentum ahead, stating, “We expect continued strength in AI semiconductor revenue of $4.4 billion in Q2, as hyperscale partners continue to invest in AI XPUs and connectivity solutions for AI data centers.” 

The company is also projecting total revenue of approximately $14.9 billion for the quarter, with adjusted EBITDA expected to account for 66% of that figure, reflecting Broadcom’s robust operating model and the enduring strength of its AI-driven growth. Analysts tracking the company are eyeing a sharp 55.2% jump in Broadcom’s quarterly earnings compared to last year.  

What Do Analysts Expect for Broadcom Stock?

Broadcom recently scored a fresh vote of confidence from Redburn Atlantic, which initiated coverage with a “Buy” rating, citing the company’s dominant position in application-specific integrated circuits (ASICs) as a key growth catalyst. Analyst Mike Harrison set an ambitious price target of $301, the highest on Wall Street for now. And Redburn isn’t alone. 

With the company’s earnings on the horizon, AVGO is drawing broad support across Wall Street. Analysts continue to rally behind the stock, with the consensus firmly planted in “Strong Buy” territory, fueled by confidence in the company’s AI strength and robust fundamentals. Of the 34 analysts offering recommendations, 30 give it a solid “Strong Buy,” one suggests a “Moderate Buy,” and the remaining three give a “Hold.” 

While the average analyst price target of $249.37 is below its current trading price, Redburn Atlantic’s Street-high target of $301 indicates that the stock can rally as much as 18% from here.