Apple Faces Margin Pressure as Memory Chip Prices Surge Amid AI Boom 
US Judge Rejects $2.36B Penalty Bid Against Google in Privacy Data Case 
Qantas to Sell Jetstar Japan Stake as It Refocuses on Core Australian Operations 
SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom 
SoftBank and Intel Partner to Develop Next-Generation Memory Chips for AI Data Centers 
Sandisk Stock Soars After Blowout Earnings and AI-Driven Outlook 
Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate 
Elon Musk’s SpaceX Acquires xAI in Historic Deal Uniting Space and Artificial Intelligence 
SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz 
Nvidia’s $100 Billion OpenAI Investment Faces Internal Doubts, Report Says 
Panama Supreme Court Voids CK Hutchison Port Concessions, Raising Geopolitical and Trade Concerns 
Sam Altman Reaffirms OpenAI’s Long-Term Commitment to NVIDIA Amid Chip Report 
Apple Forecasts Strong Revenue Growth as iPhone Demand Surges in China and India 
Google Cloud and Liberty Global Forge Strategic AI Partnership to Transform European Telecom Services 
Nvidia Confirms Major OpenAI Investment Amid AI Funding Race 
Advantest Shares Hit Record High on Strong AI-Driven Earnings and Nvidia Demand 
Bob Iger Plans Early Exit as Disney Board Prepares CEO Succession Vote 
Mizuho Securities has raised its price target on Broadcom Inc. (NASDAQ: AVGO), highlighting accelerating momentum in the company’s artificial intelligence business and a rapidly expanding long-term backlog. The brokerage reiterated its “Outperform” rating and increased its price target to $450 from $410, naming Broadcom as its top pick in the semiconductor sector as AI ASIC growth and a deepening customer pipeline continue to drive upside potential.
According to Mizuho analysts, Broadcom delivered solid results for the October quarter and issued an upbeat outlook for the January quarter. The company guided revenue to approximately $19.1 billion for the January quarter, representing about 6% quarter-on-quarter growth. AI-related revenue is expected to rise sharply to roughly $8.2 billion, marking a 26% sequential increase and underscoring Broadcom’s growing importance in the AI chip market.
In the October quarter, Broadcom generated around $6.5 billion in AI revenue, up 25% quarter-on-quarter. Non-AI semiconductor revenue also showed strong performance, climbing 19% to approximately $4.7 billion. These results reflect robust demand across both AI compute and networking solutions, supported by hyperscaler investments and Broadcom’s diversified product portfolio.
One of the most notable highlights was Broadcom’s backlog, which expanded significantly to $162 billion from $110 billion previously. Of this total, about $73 billion is tied directly to AI. Mizuho noted that Anthropic’s orders doubled to around $21 billion, while the ramp-up of a fifth large AI customer further strengthened visibility. Looking ahead, analysts estimate that Broadcom’s fiscal 2026 AI revenue could surge 126% year over year to roughly $45 billion, well ahead of current market expectations. Additional upside is seen for fiscal 2027 if OpenAI becomes Broadcom’s sixth major customer.
Mizuho added that Broadcom remains the fastest-growing supplier in AI compute and networking, benefiting from strong scale-up networking demand and continued adoption of copper-based architectures by hyperscalers. This combination of accelerating AI revenue, expanding backlog, and blue-chip customers positions Broadcom as a key long-term winner in the global AI semiconductor race.
