Avgo stock price benefits from rising demand in

AVGO stock price benefits from rising demand in Ethernet switching. Analysts expect this segment alone could contribute significantly to next fiscal year’s top-line growth. In addition, the research firm expects the Tensor Processing Unit supplies to more than double next year as Google moves to make them available for various workloads. The push is expected to strengthen the company’s competitive edge in the artificial intelligence market. Additionally, the company is well-positioned to capitalize on OpenAI’s ramp-up of AI ASIC demand in the second half of the year, with demand expected to be between 400,000 and 500,000 units. Now, it’s worth noting Stock Advisor’s total average return is 1,072 % — a market-crushing outperformance compared to 191% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor . AVGO stock price continues to be watched closely by traders aiming for breakout plays. With strong fundamentals and bullish sector dynamics, Broadcom remains a core semiconductor holding.