On March 1st, Dell Technologies' earnings report revealed an incredibly strong market demand for AI products, igniting an AI frenzy. Dell Technologies surged by 31.6% on the same day, leading Nvidia, AMD, SMCI, and others to break new highs.After hours on March 7th, Broadcom, which is even more &#34;AI&#34; than Dell Technologies, will announce its earnings report. As a provider of AI underlying hardware, Broadcom plays a crucial role in building AI hardware infrastructure.Broadcom's stock price rose by 104% in 2023 and continued to rise by 21% in 2024, while iShares Semiconductor ETF (SOXX) increased by 67% and 19% respectively.<h2>Analyst Predictions</h2>The general estimate on Wall Street is that Broadcom's revenue for this quarter is $12.3 billion, with an adjusted earnings per share of $11.11 (compared to $11.8 billion in revenue and $10.40 adjusted earnings per share in the previous quarter).Morgan Stanley analyst Harlan Sur reiterated his overweight rating and maintained a target price of $1550.Harlan Sur believes that Broadcom is a leader in wireless, data center networking, AI/deep learning ASIC, storage, and infrastructure chip/hardware/software sectors.Harlan Sur estimates that Broadcom will generate $8 to $9 billion in AI chip revenue in the 2024 fiscal year.<h2>Price Targets by Major Banks</h2>Since 2024, analysts have generally been bullish on Broadcom, with a consensus similar to high-flying stocks like Nvidia.<img src="https://pub.pbkrs.com/cms/2024/0/3kQfY7p2AA7NgjTdjVLENYE8vP67bmAx.jpg?x-oss-process=style/lg" alt="" original-src="https://pub.pbkrs.com/cms/2024/0/3kQfY7p2AA7NgjTdjVLENYE8vP67bmAx.jpg"/>

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The market is expecting Broadcom's earnings report to once again stimulate AI concept stocks.

Looking ahead | Will Broadcom ignite the AI frenzy? The AI market is about to boom!