Broadcom envisions a $90 billion custom AI chip market, causing cheers as Wall Street's highest target rises to $250
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Broadcom's fourth-quarter performance exceeded expectations, with the custom AI chip market projected to reach $90 billion by 2027, surprising Wall Street. Analyst Blayne Curtis reiterated a "Buy" rating, raising the target price to $225. Morgan Stanley's Joseph Moore also raised the target price to $233, believing that Broadcom's prospects will attract long-term investors. CEO Hock Tan stated that market demand may come from clients such as Google and Meta, and if they win business from Microsoft and Amazon, the market size will further expand
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