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

Broadcom Inc. (NASDAQ:AVGO) is one of the best blue-chip stocks to buy for 2026. On January 6, Broadcom Inc. (NASDAQ:AVGO) expanded its Wi-Fi 8 portfolio with the launch of BCM4918, an accelerated processing unit and dual-band Wi-Fi 8 devices, the BCM6714 and BCM6719.

The new chipsets are designed to support artificial intelligence-driven applications and also offer improved security and power efficiency. Backed by higher throughput plus smart intelligence, the unified Wi-Fi 8 platform will deliver real-time agentic applications for residential consumers. The platform will also combine compute acceleration, advanced networking, and robust security to provide high throughput and low latency in AI-driven connected ecosystems.

“Our new BCM4918 APU, along with our full portfolio of Wi-Fi 8 chipsets, form the foundation of an AI-ready platform that not only enables immersive, intelligent user experiences but also does so with efficiency, security, and sustainability at its core,” said Mark Gonikberg, senior vice president and general manager of Broadcom’s Wireless and Broadband Communications Division.

Meanwhile, UBS hiked its price target of the stock to $475 from $472 while reiterating a Buy rating. The positive stance underscores the research firm’s confidence about the company’s AI semiconductor revenue for 2026, expected to exceed $60 billion.

Broadcom Inc. (NASDAQ:AVGO) is a semiconductor company that designs and supplies a vast range of semiconductor chips and infrastructure software for critical technology markets, connecting everything from data centers and cloud infrastructure to broadband, wireless, storage, and enterprise systems.

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Disclosure: None. This article is originally published at Insider Monkey.