Broadcom’s AVGO Semiconductor revenues soared 74% in Q4 of fiscal 2025 to $6.5 billion due to strong demand for XPUs for Gen AI models. Orders from Anthropic and major clients like Alphabet and Meta Platforms are driving growth. AVGO expects Q1 fiscal 2026 AI revenues to double to $8.2 billion.

In the semiconductor market, AVGO faces competition from NVIDIA (NVDA) and Marvell Technology (MRVL). NVIDIA’s data center revenues surged 66% in Q3 of fiscal 2026, driven by high demand for AI and large language models. MRVL’s data center end-market revenues jumped 39% in the same quarter due to AI-driven demand for custom XPU silicon.

Broadcom’s AVGO stock has outperformed the Computer and Technology sector with a 45.7% increase in a year. Trading at a premium with a forward P/E of 33.89X, AVGO has a Value Score of D. The Zacks Consensus Estimate for fiscal 2026 earnings is $9.69 per share, indicating 42.1% growth from fiscal 2025.

Zacks is naming the Top 10 Stocks for 2026, with a history of impressive performance. Director of Research Sheraz Mian is selecting these stocks for their strong potential. The Zacks Top 10 Stocks gained +2,530.8% from 2012 to November 2025, surpassing the S&P 500. Stay tuned for the release on January 5 to capitalize on these top picks.

Read more at Nasdaq: Broadcom’s Semiconductor Growth Picks Up: A Sign of More Upside?