Where is Broadcom Inc. (AVGO) Headed?

Broadcom Inc. (NASDAQ:AVGO) is one of the most promising future stocks to buy now. Broadcom Inc. (NASDAQ:AVGO) announced on February 3 the industry’s first Wi-Fi 8 access point (AP) and switch solution, purpose-built with a unified architecture for AI-ready enterprise networks. The new enterprise-grade Wi-Fi 8 AP platform builds on Broadcom Inc.’s (NASDAQ:AVGO) first-to-market Wi-Fi 8 radios launched in October 2025, and is powered by the BCM49438, which is a new accelerated processing unit (APU) chip specialized to optimize AI acceleration and wireless networking at the enterprise edge.

Broadcom Inc. (NASDAQ:AVGO) also announced an enterprise-grade switch platform powered by a new Ethernet switch, the Trident X3+ BCM56390, with the company’s industry-leading multi-gigabit PHY and PoE power sourcing equipment chips. Management reported that these platforms build a unified architecture maximizing the efficiency, performance, and security for the Wi-Fi 8 wireless network in the enterprise.

In a separate development, Wolfe Research upgraded Broadcom Inc. (NASDAQ:AVGO) to Outperform from Peer Perform with a $400 price target. The firm supported the positive rating with the expectation of powerful demand drivers in its AI-focused semiconductor business, adding that it can “no longer ignore” the company’s growth and competitiveness in tensor processing units. Wolfe expects a doubling of Broadcom Inc.’s (NASDAQ:AVGO) AI revenue in 2027.

Broadcom Inc. (NASDAQ:AVGO) is a leading multinational technology company specializing in semiconductor and infrastructure software products. Its semiconductor and semiconductor-based solutions serve markets across networking connectivity, broadband, servers and storage systems, wireless device connectivity, and industrial. The company’s infrastructure software solutions serve markets including cybersecurity, private cloud, mainframe software, enterprise software, and Fibre Channel storage area network management.

While we acknowledge the potential of AVGO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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