Key Highlights
- AVGO shares have soared 28% during April, marking the third-strongest monthly gain since the company’s 2009 public debut.
- The stock is currently riding an eight-session winning streak, coming within reach of its December 2025 record close of $412.97.
- Major AI partnerships announced this month include agreements with Google, Meta, and Anthropic, featuring a massive 3.5GW compute deal with Anthropic.
- UBS analysts elevated their 2027 TPU shipment projections to 7 million units while maintaining a Buy rating and $475 target price.
- BofA Securities increased its 2026 worldwide semiconductor industry revenue projection to $1.3 trillion, a $300 billion boost from February estimates.
Broadcom is experiencing an exceptional April, with the semiconductor powerhouse’s shares rallying 28% — a performance that ranks among its top three monthly gains since debuting as Avago in 2009.
During Thursday’s midday session, AVGO traded at approximately $397.78, reflecting a 0.3% intraday increase. The shares are now hovering near their peak closing price of $412.97, achieved in December 2025.
The current momentum has produced eight straight positive sessions. Data from Dow Jones Market Data indicates this represents the longest consecutive winning period since December 2023.
The semiconductor industry’s broader strength has provided support. The VanEck Semiconductor ETF has posted a 19% gain this month, bouncing back from weakness triggered by Middle East geopolitical concerns after coordinated U.S. and Israeli operations against Iran.
However, Broadcom has generated its own positive catalysts.
Major AI Partnership Announcements Drive Momentum
Throughout April, Broadcom revealed expanded or fresh partnerships with Google, Meta, and artificial intelligence company Anthropic. The Anthropic agreement alone encompasses 3.5 gigawatts of advanced compute infrastructure designed to support Anthropic’s Claude AI platform.
These announcements immediately resonated with financial analysts. Following the Google and Anthropic deals, UBS increased its medium-range forecasts for Broadcom, now anticipating shipments of 7 million tensor processing unit (TPU) accelerators during 2027. This represents an increase from their previous 6 million unit estimate.
UBS maintained its Buy recommendation on AVGO with a $475 price objective, emphasizing that these partnerships position Broadcom prominently within what analysts described as the “billion-dollar revenue story” surrounding AI infrastructure development.
Among 54 analysts monitored by FactSet, 51 assign Broadcom a Buy rating or its equivalent. The consensus 12-month price objective stands at $465.55, suggesting approximately 17% potential upside from present trading levels.
Industry Forecasts Receive Upward Revisions
BofA Securities analyst Vivek Arya enhanced his global semiconductor sector outlook this month, elevating the 2026 revenue projection to $1.3 trillion. This represents a substantial $300 billion increase compared to forecasts issued merely four months earlier.
Arya boosted his growth expectations for the non-memory semiconductor segment to 25% for 2026, up from a previous 22% estimate. The analyst identified AI data center demand as the principal growth driver.
Broadcom was specifically highlighted as a key contributor to the upgraded industry forecast.
The stock’s April performance puts it in exclusive territory within its historical record. Only two other months since 2009 have delivered stronger returns. Based on current trajectory, this exceptional run could potentially extend through month-end.
As of Thursday’s session, AVGO is trading less than 4% beneath its all-time closing peak.
