Broadcom Ranks 10th in Trading Volume with $4.76 Billion as AI Chip Market Share Expands

On May 28, 2025, Broadcom (AVGO) saw a trading volume of $4.76 billion, ranking it 10th in the day's stock market activity. The stock rose by 1.60%, marking its second consecutive day of gains, with a total increase of 4.68% over the past two days.

Broadcom is recognized as a leading player in the AI sector, with strong growth prospects and a dominant position in the ASIC market. The company's strategic advantages and market leadership are expected to drive significant earnings growth in the coming years.

Broadcom is expanding its market share in the AI-chip space as more technology giants seek to diversify their AI chip suppliers, moving away from relying solely on Nvidia Corporation. This shift is expected to further solidify Broadcom's position in the market.

Mizuho Securities has highlighted Broadcom's potential to capture a significant portion of the AI chip market, projecting that the company could secure 60% to 70% of the $60 billion to $90 billion market by fiscal 2027. This optimistic outlook is based on Broadcom's strong market position and growth prospects.

Redburn-Atlantic has initiated coverage on Broadcom with a Buy rating and a price target of $301.00. This positive rating reflects the firm's confidence in Broadcom's future performance and its potential for growth in the AI chip market.

Wall Street analysts anticipate that Broadcom's earnings per share will increase by 43% to $1.57, with revenue projected to rise by approximately 16% to $14.95 billion. These forecasts indicate continued strong financial performance for the company.