The Next Wave of AI Demand Could Send Broadcom, Marvell, and AMD Soaring

Broadcom’s management called Q3 demand “hot,” while Marvell and AMD have already seen major gains in 2026, fueling Wall Street’s focus on whether 2027 targets are aggressive or just the start. Broadcom makes custom accelerators for six XPU customers and analysts cite rising expectations tied to hyperscaler spending. Year-to-date, Marvell is up 227.31%, AMD up 195.73%, and Broadcom up 8.25%. Average price targets: $531.31 for Broadcom (about 43% upside), $330.16 for Marvell (19%), and $636.21 for AMD (roughly flat). Key catalysts include AI semiconductor revenue projected to reach $115 billion in fiscal 2027 and $230 billion in fiscal 2028, plus earnings per share targets that management says could exceed $30 by FY2028. The article also highlights valuation math versus expected EPS growth.