Broadcom Inc. (AVGO) Enhances WI-FI 8 Portfolio to Support AI Driven Applications

Core Viewpoint - Broadcom Inc. is positioned as a strong investment opportunity for 2026, particularly with its advancements in the Wi-Fi 8 portfolio and AI-driven applications [1][2]. Group 1: Product Development - Broadcom has launched new chipsets, including the BCM4918 accelerated processing unit and dual-band Wi-Fi 8 devices (BCM6714 and BCM6719), enhancing its Wi-Fi 8 portfolio [1][2]. - The new chipsets are specifically designed to support AI-driven applications, offering improved security and power efficiency [2]. - The unified Wi-Fi 8 platform aims to deliver high throughput and low latency for AI-driven connected ecosystems, combining compute acceleration, advanced networking, and robust security [2][3]. Group 2: Market Outlook - UBS has raised its price target for Broadcom's stock to $475 from $472, maintaining a Buy rating, reflecting confidence in the company's AI semiconductor revenue, which is expected to exceed $60 billion by 2026 [4]. - Broadcom operates in the semiconductor industry, providing a wide range of semiconductor chips and infrastructure software for critical technology markets, including data centers, cloud infrastructure, and wireless systems [5].