"CEO Hock Tan disclosed $73 billion in AI-related backlog, including custom XPU accelerators, switches, and optical components. "We have never seen bookings of the nature that what we have seen over the past three months," Tan said on the Q4 2025 earnings call. The backlog includes orders from five hyperscale customers building custom AI chips, plus demand for Broadcom's 102 terabit per second Tomahawk 6 switch."
"In a boost to the stock, Cathie Wood's ARK Invest purchased $10.7 million worth of AVGO shares following the decline, while Ray Dalio's Bridgewater Associates added 320,349 shares. This suggests Wall Street analysts remain bullish, with 38 of 43 top analysts rating the stock "Strong Buy" or "Buy," and a consensus 12-month price target of $420.04, representing a 29% upside."
Broadcom shares fell over 2% in the past week to $325.17 and are down 6.05% year-to-date. Reddit activity spiked in mid-February, peaking at 96 comments on February 16. Broadcom reported a $73 billion AI-related backlog covering custom XPU accelerators, switches, and optical components and cited unprecedented recent bookings. The company expects AI revenue of $8.2 billion in Q1 2026, a year-over-year doubling. Institutional buys included $10.7 million from ARK Invest and 320,349 shares added by Bridgewater. Thirty-eight of 43 analysts rate the stock Strong Buy or Buy, with a $420.04 consensus 12-month target.
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