Broadcom Breaks Out to All-Time High as UBS Sees Explosive AI Demand

Broadcom AVGO shares surged about 3% on Monday morning to an all-time high of $403 after UBS raised its price target to $472.

The upgrade, from $415, reflects confidence in Broadcom's AI silicon leadership and partnerships with Google that support demand for custom ASICs.

Broadcom's AI revenue climbed 63% in Q3 to about $5.2 billion, helping drive overall momentum. Analysts expect Q4 revenue near $17.4 billion to $17.5 billion and consensus EPS of $1.87, with results due after the close on Dec. 11, 2025, with a 2:00 p.m. Pacific call.

Wall Street is bullish: UBS calls the stock a top AI play, and other banks have lifted targets as well. Yet the shares trade at roughly 45 times forward earnings, leaving valuation pressure if management's guidance falls short.

Investors will watch whether Broadcom can turn AI pipeline wins into sustained revenue.

The company's $110 billion-plus backlog and broad customer base, including Google, Meta and Microsoft, give it runway, but Thursday's guidance and investor appetite will be the key test for further gains.