Macquarie Upgrades Broadcom Amid Anthropic Compute Expansion
Yahoo Finance ·
Macquarie upgraded Broadcom to outperform on Thursday, highlighting that risks from Google's in-house chip manufacturing are largely priced in and positioning the firm as the premier listed proxy for artificial intelligence developer Anthropic's computing infrastructure buildout. Analyst Arthur Lai noted that a roughly 24% retreat from the stock's 2026 peak indicates insourcing fears are now reflected. Lai projects Anthropic will purchase over $40 billion from Broadcom in fiscal 2028, compensating for any lost Google revenue. Broadcom reported third-quarter revenue of $29.6 billion, up 33% quarter-on-quarter, meeting expectations. Macquarie elevated its fiscal 2026, 2027, and 2028 earnings forecasts while lifting its price target by 12% to $490, signaling a potential total shareholder return of approximately 35%.
AI 시장 분석
Macquarie upgraded its investment rating for Broadcom (AVGO), citing the benefits of Anthropic's large-scale computing infrastructure buildout. The deal size with Anthropic is projected to exceed 40 billion dollars by fiscal year 2028, and Google's in-sourcing concerns have already been priced into the stock, acting positively. As a result, performance growth in AI-related semiconductors is expected to accelerate.
상승 영향
- Semiconductors — Anthropic's large-scale computing infrastructure buildout is projected to push Broadcom's related revenue past 40 billion dollars by 2028, driving performance growth.
- AI — Google in-sourcing concerns are already priced in, and a diversified XPU customer base including OpenAI and Meta has solidified market dominance in AI custom silicon.
DYAX 전담 분석
Broadcom recorded solid third-quarter revenue of 29.6 billion dollars, a 33 percent increase from the previous quarter, meeting market expectations. With customer diversification progressing to include OpenAI and Meta alongside Anthropic, its monopoly in the custom semiconductor (ASIC) market is further strengthening.
Additional upside potential for the stock exists as orders related to Anthropic materialize in earnest, and investors should closely monitor XPU shipment volumes and margin trends by customer.
AI가 생성한 분석으로 투자 자문이 아닙니다.
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