Morgan Stanley Expects Broadcom (AVGO) to Outpace Nvidia in 2026 AI Processor Growth

Group 1 - Broadcom Inc. is recognized as a key player in the global AI infrastructure landscape, with its custom accelerators, high-speed Ethernet networking products, and VMware Cloud Foundation private cloud platform widely used by hyperscalers and AI labs [2][3] - Morgan Stanley has raised Broadcom's price target to $443, maintaining an Overweight rating, and anticipates that Broadcom will surpass Nvidia in AI processor revenue growth by 2026 due to supply constraints [2] - The company is expected to report its fourth-quarter and fiscal year 2025 results on December 11, which could significantly influence 2026 expectations and stock performance, with AI revenue projected to grow faster than the estimated 50% to 60% year-over-year increase in fiscal 2025 [3] Group 2 - Broadcom designs, develops, and supplies a wide range of semiconductor and infrastructure software products for various markets, including data center, networking, broadband, wireless, storage, and enterprise software [4]