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Driven by the AI boom, Broadcom's stock price has surged over 630% in five years. The company announced strong results for the first quarter of fiscal year 2026, with revenue of $19.3 billion, up 29% year-over-year; net profit of $7.3 billion, up 34% year-over-year. CEO Hock Tan predicts that AI chip revenue will surpass $100 billion in 2027. Analysts are generally optimistic about Broadcom, with an average target price significantly higher than the current $341. They expect that by fiscal year 2028, Broadcom's revenue and adjusted EBITDA will have a compound annual growth rate of 38% and 36%, respectively.