Citi names Broadcom stock top semiconductor pick for 2026
Citi has named Broadcom as its top semiconductor pick for 2026, highlighting the company's significant role in the AI chip market. The firm raised its price target for Broadcom from $475 to $500 ahead of the company's upcoming earnings report. Analysts expect Broadcom's AI revenue to grow substantially, contributing to a projected total revenue increase in the coming years.
- ▪Citi analyst Atif Malik raised his price target on Broadcom from $475 to $500.
- ▪Broadcom's AI semiconductor revenue more than doubled year over year to $8.4 billion.
- ▪Analysts forecast Broadcom's revenue to increase from $63.9 billion in fiscal 2025 to $288 billion in fiscal 2030.
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Citi names Broadcom stock top semiconductor pick for 2026 Aditya Raghunath Sat, May 23, 2026 at 12:13 PM PDT 5 min read The AI chip race has produced a handful of clear winners. Broadcom is one of them. But the question heading into its next earnings report is no longer about whether it is a top AI stock to own. The real debate now is: Can a company already pulling in billions from artificial intelligence keep growing fast enough to justify its lofty valuation? At least one major Wall Street firm thinks the answer is yes, and it is putting that view on record before Broadcom reports next month. Why Broadcom is a top chip stock To understand why Citi's call carries weight, you first need to understand what Broadcom (AVGO) does in the AI world.
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