Hello, Thanks for signing up for MarketBeat Daily Ratings—we’re excited to have you on board. Every weekday, you’ll get a curated summary of new “Buy” and “Sell” ratings from Wall Street’s top-rated analysts, the latest stock news, and bonus investing content—all delivered straight to your inbox. You’re just two quick steps away from completing your sign-up: 1. Make sure our emails go to your inbox Gmail users:
Mobile: Tap the three dots (…) in the top right and select Move to Inbox or Move to Primary
Desktop: Click the folder icon at the top and select Move to Inbox or Primary Apple Mail users:
Tap our email address at the top (next to From: on mobile), then select Add to VIP Other providers:
Reply to this message and add newsletters@analystratings.net to your contacts 2. Confirm your subscription Click this link to confirm your subscription. This verifies your account and ensures you receive your newsletters without interruption instead of getting stuck in your spam filter. Confirm your subscription here. After you confirm, feel free to download our popular free report, "7 Stocks to Buy and Hold Forever" with this link. Thanks again for subscribing—we look forward to being part of your investing journey. 
Matthew Paulson
Founder and CEO, MarketBeat. P.S. If you didn’t mean to subscribe, no problem—you can unsubscribe here.
Additional Reading from MarketBeat Jefferies Tells NVIDIA to Step Aside, Picks Broadcom as Top Semiconductor StockWritten by Leo Miller. Published 11/14/2025. 
Key Points - Jefferies named Broadcom its top semiconductor pick, setting a $480 price target that implies 41% upside.
- Google’s growing demand for TPUs, developed in partnership with Broadcom, is expected to drive major revenue gains in 2026.
- Jefferies projects Broadcom's revenue will reach $100 billion in 2026—a 59% year-over-year increase—reflecting a bullish outlook on AI ASIC sales.
Semiconductor giant Broadcom (NASDAQ: AVGO) has had a very strong 2025. As of the Nov. 13 close, shares have returned 47% year-to-date. That handily outpaces the S&P 500's 16% gain. The world's wealthiest individuals are making huge moves with their money.
Warren Buffett just liquidated billions of shares. Bill Gates sold 500,000 shares of Microsoft. Jeff Bezos filed to sell Amazon shares worth $4.8 billion.
What is going on? One multi-millionaire believes they are preparing for a catastrophic event. But not a crash, bank run, or recession. It's something we haven't see in America for more than a century. For the full story, click here. Broadcom is also outperforming the broader chip sector, compared with the iShares Semiconductor ETF (NASDAQ: SOXX), which is up about 35%. Amid its impressive run, Broadcom has attracted several bullish price-target revisions from Wall Street, including a new call from Jefferies. The firm not only named Broadcom its top semiconductor pick but also set the stock's highest price target to date. Here's why Jefferies sees further upside. Top Semiconductor Pick: Jefferies Replaces NVIDIA With Broadcom Jefferies recently issued a $480 price target on Broadcom, implying roughly 41% upside from the Nov. 13 close near $340. That is currently the highest analyst price target on Broadcom, modestly above KeyCorp's prior $460 target. Jefferies replaced NVIDIA (NASDAQ: NVDA) as its top semiconductor pick because it sees application-specific integrated circuits (ASICs) at an "inflection point." ASICs are custom-designed chips typically made for a specific buyer, and sales of AI-focused ASICs have driven much of Broadcom's recent strength. Jefferies is one of the few firms that now see more upside in Broadcom than in NVIDIA. Jefferies' $240 target on NVIDIA implies about 29% upside, but MarketBeat's consensus generally favors NVIDIA. NVIDIA's consensus target points to roughly 27% potential gains, while Broadcom's consensus implies about 10% upside. In other words, Jefferies is bucking the broader analyst view by forecasting Broadcom will outperform NVIDIA. Here's the reasoning behind that call. Google's Growing TPU Demand Could Supercharge Broadcom Revenue Jefferies expects Alphabet (NASDAQ: GOOGL)'s Google to drive substantial demand for Broadcom's ASICs in 2026. Broadcom is Google's design partner for its Tensor Processing Units (TPUs), and Jefferies projects TPU volumes will "climb sharply, with 2026 nearing 3 million units." Higher TPU volumes from Google would directly boost Broadcom's revenue. MarketBeat flagged in late October that rising TPU volumes were a plausible upside catalyst for Broadcom shares, and Jefferies' note adds credibility to that thesis. Investors don't have to take Jefferies' word alone. Google's recent announcements suggest it will expand TPU availability. On Nov. 6, the company said its next-generation Ironwood TPUs will be generally available in the coming weeks, meaning cloud customers will be able to access Ironwood for AI workloads. Historically, Google has primarily used TPUs for internal AI work. Now it appears to be expanding TPU access to external customers as a cloud service. To support external demand while maintaining its internal needs, Google will likely purchase more TPUs overall — which would translate into more business for Broadcom. Jefferies: Broadcom Revenue Could Hit $130 Billion by 2027 Jefferies projects Broadcom revenue of $100 billion in 2026 and $130 billion in 2027. If Broadcom meets its Q4 guidance of $17.4 billion in revenue, its 2025 revenue would be roughly $63 billion. That base implies about 59% growth in 2026 and 30% in 2027 — a sharp acceleration from the roughly 23% growth the company is guiding for 2025. Achieving that scale of growth in 2026 would be notable; Broadcom hasn't posted growth above 59% since 2016. Jefferies' outlook is on the optimistic end of the spectrum, which is consistent with its aggressive $480 price target. Whether Broadcom is a better chip investment than NVIDIA remains debatable, and it will be worth watching if more analysts align with Jefferies' view. For now, the trend in signals around Broadcom — especially the Google TPU opportunity — supports a constructive outlook for the stock.
| 
Post a Comment
Post a Comment