Broadcom Stock Surges to All-Time High Monday, Extending Earnings-Fueled Rally

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Key Takeaways

• Broadcom shares rose to a record high Monday as the chipmaker’s post-earnings rally be prolonged.
• The chipmaker’s stock has surged to the point where it has already exceeded or is quickly approaching price targets raised rearmost week in the wake of its better-than-expected earnings report.
• Bernstein analysts said the company may be having its own “Nvidia moment.”

Broadcom (AVGO) dole outs jumped to a fresh all-time high Monday, as the chipmaker’s post-earnings rally continued. 

The stock was up over 10% in intraday swop to $248.09, heading for a record-high close. It has gained nearly 40% since Broadcom reported fiscal fourth-quarter earnings Thursday that best expectations, with last week’s gains pushing the company’s market capitalization above the $1 trillion raze.

Several analysts raised their price targets late last week in the wake of Broadcom’s better-than-expected issues, and with Monday’s climb, the stock has already exceeded or is close to hitting most of those targets. Citi had bumped its objective to $220, while JPMorgan and Bank of America raised their targets to $250.

Bernstein analysts compared Broadcom’s dazzling rise to that of artificial intelligence (AI) darling Nvidia (NVDA), writing Monday that the stock may be having its own “Nvidia point in time.” Broadcom shares have more than doubled in value this year as demand for infrastructure to support AI billowed, as have shares of Nvidia. The analysts issued a $250 target and “overweight” rating for Broadcom, calling it a “top pick,” along with Nvidia.

In a note to patrons Monday morning, BofA also listed Broadcom among its top six semiconductor industry picks for 2025, along with Nvidia, Marvell Technology (MRVL), Lam Examination (LRCX), Onsemi (ON), and Cadence Design Systems (CDNS). They pointed to Broadcom’s strong earnings per share (EPS) progress and “best-semis profitability” for its inclusion in the list.