Broadcom (NASDAQ:AVGO) projects up to $200B in upside if OpenAI builds ~10GW of capacity, yet near‑term impact is limited before 2027; JPMorgan stays bullish with a $580 target while insiders including co‑founder Henry Samueli and CLO Mark Brazeal have recently sold substantial shares.
Previous Week Recap
- Broadcom Sees $200B Revenue Potential: Broadcom says its OpenAI deal could enable about $200B revenue if OpenAI builds ~10 GW of data center capacity; impact seen as minimal before 2027. Current P/E ~62x, below three‑year average.
- JPMorgan Keeps Buy With $580 Target: JPMorgan kept a buy view on Broadcom (AVGO) with a $580 target, citing TPU design wins and Google ties; shares pulled back after hitting near-record highs post-earnings.
- Broadcom Insiders Report Large Sales: Broadcom (AVGO) insiders reported recent substantial share sales: co-founder Henry Samueli filed a large sale and disclosed months of prior sales; CLO Mark Brazeal also sold shares, per filings.
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