Is Broadcom (AVGO) the Best Stock in Chase Coleman’s Tiger Global?
Key takeaways
- Is Broadcom (AVGO) the Best Stock in Chase Coleman’s Tiger Global?
- On June 4, 2026, Bank of America raised the price target on Broadcom Inc.
- (NASDAQ:AVGO) reported its second quarter of 2026 earnings results, highlighting revenue of $22,187 million, up 48% year-over-year.
Is Broadcom (AVGO) the Best Stock in Chase Coleman’s Tiger Global? Venkatesh Tue, June 9, 2026 at 12:12 AM GMT+7 2 min read AVGO GOOG Broadcom Inc. (NASDAQ:AVGO) is one of the 10 Best Stocks in Chase Coleman’s Tiger Global Portfolio.
On June 4, 2026, Bank of America raised the price target on Broadcom Inc. (NASDAQ:AVGO) from $450 to $530 while keeping a Buy rating on the company’s stock. The fiscal second-quarter results and third-quarter guidance modestly beat consensus; however, the firm’s analyst emphasized that absolute AI growth remains firmly on track. Year-over-year AI revenue is anticipated to grow approximately 180% in FY26 and nearly 100% in FY27. Beyond a strong Google TPU base, multiple new custom XPU accounts, including OpenAI, Anthropic, and Meta, are expected to drive up production in the upcoming quarters.
Prior to this, Broadcom Inc. (NASDAQ:AVGO) reported its second quarter of 2026 earnings results, highlighting revenue of $22,187 million, up 48% year-over-year. The company attributed the growth primarily to the accelerating AI semiconductor demand. AI semiconductor revenue went up by 143% to $10.8 billion. For Q3, the company anticipates a revenue of approximately $29.4 billion, an 84% yearly increase, and projects AI revenue for the quarter to exceed $16.0 billion. The board also approved a quarterly cash dividend of $0.65 per share payable on June 30, 2026, to unit holders of record on June 22, 2026.