--- title: "Broadcom Set To Skyrocket With Momentum Gains Fueled By OpenAI Accelerator Deal" description: "Broadcom Inc. (NASDAQ:AVGO) is experiencing significant momentum following a partnership with OpenAI to co-develop AI accelerators. Its momentum ranking has surged to the 92.16th percentile, indicatin" type: "news" locale: "en" url: "https://longbridge.com/en/news/261826839.md" published_at: "2025-10-20T07:17:24.000Z" --- # Broadcom Set To Skyrocket With Momentum Gains Fueled By OpenAI Accelerator Deal > Broadcom Inc. (NASDAQ:AVGO) is experiencing significant momentum following a partnership with OpenAI to co-develop AI accelerators. Its momentum ranking has surged to the 92.16th percentile, indicating strong price strength and volatility. Deutsche Bank has raised its price target from $350 to $400, maintaining a 'buy' rating. CEO Hock Tan highlighted the potential of AI to boost global GDP by $10 trillion annually. AVGO shares are currently trading around $350, with a year-to-date gain of 50.59%. **Broadcom Inc.** (NASDAQ:AVGO) is poised for explosive growth, with its momentum ranking surging in the latest **Benzinga Edge Stock Rankings** report amid an AI-fueled partnership with OpenAI. Check out AVGO’s stock price here. ## **AVGO Is Ready For A Breakout With Stellar Momentum Gains** The jump to the 92.16th percentile score in AVGO’s momentum ranking signifies a surge in its relative price strength and volatility across timeframes, as described in the momentum percentile report. This also catapulted AVGO into the top 10th percentile of stocks, signaling a robust upward trajectory. Shares, trading around $350, now eye a $400 breakout as Wall Street analyst Deutsche Bank analyst **Ross Seymore** raising its price target from $350 to $400, while maintaining a ‘buy’ rating. ## **What Fueled AVGO’s Jump In The Top Decile Of Momentum Gains?** A blockbuster collaboration announced last week, on Oct. 13, between Broadcom and OpenAI, stated that the two firms will co-develop 10 gigawatts of custom AI accelerators, scaled with Broadcom’s Ethernet connectivity solutions to meet exploding global AI demand. “This signifies a pivotal moment in pursuing artificial general intelligence,” declared CEO **Hock Tan**, praising OpenAI’s ChatGPT-era leadership. The term sheet paves the way for racks integrating hardware and networking, advancing OpenAI’s mission to democratize AGI benefits. In a CNBC interview, Tan doubled down, projecting AI could swell global GDP by $10 trillion annually—from 30% to 40% of the $110 trillion economy—via knowledge-intensive industries. Historically reliant on commodity networking and storage chips, AVGO’s pivot to software-enabled Application-Specific Integrated Circuits (ASICs) positions it as an overlooked AI beneficiary, beyond flashy GPU plays. ## **What Do Other Rankings Say About AVGO?** AVGO ended 1.36% lower on Friday at $349.33 per share. It has gained 50.59% on a year-to-date basis and 94.08% over the year. Benzinga rankings underscore the bullish setup for Broadcom as AVGO’s quality score at 91.55 reflects stellar operational efficiency and financial health versus peers, while growth at the 34.51th percentile highlights earnings and revenue expansion. Price trends show green lights across short, medium, and long horizons, with value a poor value ranking at 5.57. Additional performance details are available here. - **ExxonMobil, Chevron Supplier Archrock Garners Attention, Eyeing Superior Growth Gains** ***Disclaimer:*** *This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.* ### Related Stocks - [AVGO.US - Broadcom](https://longbridge.com/en/quote/AVGO.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | OpenAI 高管:工程师变成 “魔法师”,AI 将开启新一轮创业狂潮 | OpenAI 内部曝光:95% 工程师已用 AI 编程,代码审查全由 Codex 接管!负责人 Sherwin Wu 预言,未来两年模型将具备数小时长任务处理能力,工程师正变为指挥智能体的 “巫师”。随着模型吞噬中间层,为 “超级个体” 服 | [Link](https://longbridge.com/en/news/275998627.md) | | 每千次展示 60 美元!OpenAI 用高价拉开 “AI 广告” 大幕 | 为应对 AI 巨额开支,OpenAI 正式测试广告,CPM60 美元起步、最低投入 20 万美元,定位高端渠道,直接挑战谷歌万亿美元市场,WPP 等顶级代理已率先合作。但转型风险并存:需平衡用户信任,承诺不用私聊数据;对手 Anthropi | [Link](https://longbridge.com/en/news/275993077.md) | | 开启 AI 大时代的一封邮件 -- 马斯克发给黄仁勋 | 2016 年 4 月 13 日,马斯克发邮件给黄仁勋 OpenAI 争取到了一台早期的 DGX-1 超级计算机,而 6 天后黄仁勋回复承诺在激增的需求中优先给 OpenAI。 这台超算帮助 OpenAI 训练了基础模型,最终促成了 AI 大 | [Link](https://longbridge.com/en/news/276019611.md) | | 用 AI 模拟新加坡教师 随时随地帮学生加强数学能力 \| 联合早报网 | WizzTutor 联合创办人徐锦泉和张健伦利用人工智能技术创建了一个在线教育平台,旨在帮助学生随时随地提高数学能力。徐锦泉的创意源于他作为教师时发现学生深夜仍在学习的现象。WizzTutor 提供便捷的在线服务,学生只需使用 iPad 或 | [Link](https://longbridge.com/en/news/276220565.md) | | “SaaS 已死,SaaS 到来”!Altman 预言 “全 AI 企业” 时代开启 | OpenAI CEO 奥尔特曼预言 “全 AI 企业” 将开启,AI 将从辅助工具进化为完全自主的执行者。OpenAI 产品很快将实现 100% 由 AI 编写代码,涵盖开发与决策全流程,标志着传统 “软件即服务(SaaS)” 模式向 “服 | [Link](https://longbridge.com/en/news/275993856.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.