If This Wall Street Call is Right, Broadcom Stock Just Became a Historic Buy Opportunity

2 hours ago 1

Rich Duprey

Mon, June 8, 2026 astatine 11:55 AM CDT 5 min read

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Broadcom's AI semiconductor gross surged 143% to $10.8B successful Q2 FY2026, yet shares tumbled 20% from highs to commercialized adjacent $398.
Mizuho sees $600B successful cumulative accidental from Google TPU partnerships, perchance pushing Broadcom's yearly AI gross supra $100B by 2028.
Broadcom's customized ASIC absorption delivers stickier, higher-margin gross than general-purpose GPUs, with a guardant P/E of conscionable 20x contempt explosive AI growth.
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Wall Street periodically hands retail investors moments that abstracted diligent superior from the crowd. Broadcom (NASDAQ:AVGO) delivered coagulated Q2 fiscal 2026 results past week -- gross of $22.2 billion, up 48% year-over-year, with AI semiconductor gross hitting a grounds $10.8 billion, up 143%. Yet shares fell sharply afterward, present down astir 20% from caller highs astir $480 to commercialized adjacent $398 per share.

That pullback creates an introduction constituent if 1 Wall Street firm’s telephone proves directionally correct. Mizuho forecasts explosive maturation successful Google tensor processing portion (TPU)-related opportunities that could reshape Broadcom’s trajectory done 2028.

The TPU Surge Mizuho Sees Coming

Mizuho analysts task TPU income could surge dramatically, perchance reaching implicit 35 cardinal units successful 2028, driven by hyperscaler buildouts. OpenAI’s planned ramp to 10 gigawatts of capableness stands retired arsenic a large catalyst. Broadcom’s ain MTIA (Meta Training Inference Accelerator) improvement adds different furniture of customized silicon momentum.

To construe that into dollars, Mizuho sees imaginable for Broadcom to make $300 cardinal successful gross from its deepened narration with Google unsocial -- adjacent astatine a blimpish 60% marketplace stock of applicable TPU work. Add different $300 cardinal from the concern tied to Apollo/Blackstone infrastructure plays, and the cumulative accidental exceeds fractional a trillion dollars implicit the multi-year horizon. These figures remainder connected revenue-per-gigawatt estimates astir $25 cardinal for customized AI arrangements.

For context, Broadcom guided toward astir $56 cardinal successful AI gross for fiscal 2026, up 180% from astir $20 cardinal successful FY 2025, and anticipates much than $100 cardinal successful FY 2027. Meanwhile, Mizuho is modeling important acceleration: It forecasts astir $70 cardinal successful FY2026, $122 cardinal successful 2027, and jumping to $170 cardinal successful 2028.

There's a bully statement to beryllium made present that Mizuho whitethorn not beryllium acold off. Google has reportedly partnered with Intel (NASDAQ:INTC) to nutrient 3 cardinal TPUs successful 2028 to guarantee it has plentifulness of proviso available.

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