Susquehanna Sees Stronger 2026 Performance From Broadcom’s (AVGO) Expanding ASIC Base

Group 1 - Broadcom Inc. is recognized as one of the 14 Best US Stocks to Buy for Long Term [1] - Susquehanna analyst Christopher Rolland raised the price target for Broadcom to $450 from $400, maintaining a Positive rating ahead of the earnings report expected on December 11 [2] - The new Google TPUv7 and increasing AI networking demand are anticipated to drive growth in Q3 and Q4, with a wider ASIC customer base expected to enhance performance in the second half of 2026 [2][3] Group 2 - Broadcom's significant growth opportunity lies in its ASIC business, which focuses on custom-made chips that are more efficient for specific tasks compared to general chips like GPUs [3] - The company has been involved in designing Alphabet's tensor processing units (TPUs) and is collaborating with OpenAI on custom AI chips, with plans to supply these chips starting in the second half of next year, potentially translating to $100 billion worth of chips annually by the end of 2029 [4] - Broadcom is a multinational semiconductor company that also specializes in infrastructure software products [5]