Broadcom soars after OpenAI pact for 10GW of AI chips
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October 13, 2025 2:26 PM EDT
BofA Securities analyst Vivek Arya reiterated a Buy rating and $400.00 price target on Broadcom Limited (NASDAQ: AVGO).
The analyst comments "Todays announcement makes 3 important statements: 1) AVGOs prior $10bn award announced during its last earnings call (for F3Q26) was NOT for... More
October 13, 2025 12:15 PM EDT
Wolfe Research analyst Chris Caso reiterated a Peerperform rating on Broadcom Limited (NASDAQ: AVGO).
The analyst comments "This morning AVGO announced a 10 GW deal with OpenAI [link], following similar announcements by peers NVDA [link] and AMD [link] in the last month. AVGO's agreement encompasses rack-scale systems designed by AVGO, to be deployed beginning in 2H26 and extending through the end of CY29. The company emphasized that, in addition to custom XPUs, AVGO is also providing Ethernet-based solutions for scale-up and scale-out for these rack systems. OpenAI and AVGO hosted a fireside chat here... More
