The most concrete near-term catalyst is the analyst upgrade/price-target increase plus the article’s emphasis on upside AI-driven results and guidance, which can support sentiment and trading over the next few sessions.
Is Broadcom (AVGO) the Best Stock in Chase Coleman’s Tiger Global? Venkatesh Mon, June 8, 2026 at 7:12 PM GMT+2 2 min read AVGO GOOG Broadcom Inc. (NASDAQ: AVGO ) is one of the 10 Best Stocks in Chase Coleman’s Tiger Global Portfolio .
Is Broadcom (AVGO) the Best Stock in Chase Coleman's Tiger Global? On June 4, 2026, Bank of America raised the price target on Broadcom Inc. (NASDAQ:AVGO) from $450 to $530 while keeping a Buy rating on the company’s stock.
The fiscal second-quarter results and third-quarter guidance modestly beat consensus; however, the firm’s analyst emphasized that absolute AI growth remains firmly on track. Year-over-year AI revenue is anticipated to grow approximately 180% in FY26 and nearly 100% in FY27. Beyond a strong Google TPU base, multiple new custom XPU accounts, including OpenAI, Anthropic, and Meta, are expected to drive up production in the upcoming quarters.
Prior to this, Broadcom Inc. (NASDAQ:AVGO) reported its second quarter of 2026 earnings results, highlighting revenue of $22,187 million, up 48% year-over-year. The company attributed the growth primarily to the accelerating AI semiconductor demand.
AI semiconductor revenue went up by 143% to $10. 8 billion. For Q3, the company anticipates a revenue of approximately $29.
4 billion, an 84% yearly increase, and projects AI revenue for the quarter to exceed $16. 0 billion. The board also approved a quarterly cash dividend of $0.
65 per share payable on June 30, 2026, to unit holders of record on June 22, 2026. The global technology company, Broadcom Inc. (NASDAQ:AVGO), designs, develops, and supplies a broad portfolio of semiconductor and infrastructure software products.
Initially established in 1961 as a division of Hewlett-Packard, it operates today as a combined entity from a 2016 acquisition. The company has its headquarters in California. While we acknowledge the potential of AVGO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.
If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock . READ NEXT: Leopold Aschenbrenner’s Portfolio: 10 Best Stocks to Buy and Steve Cohen Stock Portfolio: Top 10 Stock Picks Disclosure: None. Follow Insider Monkey on Google News .
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