Could Broadcom Inc (AVGO) Double Its Revenue in Two Years?

Group 1 - Broadcom Inc. is recognized as one of the top 10 growth stocks on NASDAQ for the next decade, with an upgrade from Peer Perform to Outperform and a price target of $400, indicating a potential upside of 20.7% from current levels [1] - The company is projected to ship up to 7 million tensor processing units by 2028, enhancing its production and revenue outlook, with AI revenue expected to double by 2027, potentially driving earnings to around $18 per share [2][3] - Broadcom's increasing competitiveness in the AI hardware space is highlighted, with a significant growth trajectory in tensor processing units, marking its emergence as a major player in this segment [3] Group 2 - Counterpoint Research forecasts that Broadcom will maintain its leadership in the AI server compute ASIC design market, capturing approximately 60% market share by 2027 [4] - Broadcom operates in the semiconductor and infrastructure software sectors, providing a range of solutions including wireless connectivity, server and storage systems, and broadband solutions [5]