Broadcom(US:AVGO) Ge Long Hui A P P·2025-09-05 14:11Core Viewpoint - Broadcom (AVGO.US) shares surged over 16% to a record high of $356.24, with a market capitalization exceeding $2.3 trillion at one point, reaching $1.67 trillion [1] Financial Performance - Broadcom reported third-quarter earnings that exceeded expectations, with revenue of $15.96 billion, a year-over-year increase of 22%, marking a record high [1] - The AI semiconductor business showed particularly strong performance, generating $5.2 billion in revenue, surpassing market expectations of $5.1 billion [1] - For the fourth quarter, Broadcom anticipates AI semiconductor revenue of $6.2 billion, compared to market expectations of $5.84 billion [1] Strategic Developments - OpenAI plans to collaborate with Broadcom next year to jointly produce proprietary AI chips, reducing reliance on NVIDIA. The new chips are expected to be delivered next year [1] Analyst Ratings - International investment banks have raised their price targets for Broadcom, with Melius Research setting the highest target at $415. Other firms have adjusted their targets as follows: Bernstein and JPMorgan to $400, Morgan Stanley to $382, Piper Sandler to $375, Oppenheimer to $360, and Jefferies to $350 [1]