Broadcom's Revenue Surges 29% in Q1 2026 Amid AI Chip Growth Projections

Broadcom has announced its fiscal first-quarter 2026 revenue, reaching $19.3 billion, marking a 29% increase compared to the previous year. According to NS3.AI, this growth is attributed to the rising demand for AI chips. Hock Tan, Broadcom's CEO, expressed optimism about the future, projecting that AI chip revenue will surpass $100 billion by 2027. Analysts have set price targets for Broadcom between $450 and $485, significantly higher than its current price of $320.