Major Bank Ratings | CLSA: Slightly Lowers Broadcom Target Price to $600, Faces Many Speculations but Financial Situation Growing Clearer

Gelonghui June 25｜CLSA released a report stating that Broadcom has injected years of clarity into its customized Application-Specific Integrated Circuit (ASIC) product roadmap. Despite the stock appearing cheap due to the market’s overly optimistic upgrade expectations and ongoing speculation regarding MediaTek’s progress with Google, the report takes a step back for broader perspective. The firm sees longer-term contracts, secured ASIC financing, and—with the AI semiconductor revenue outlook set at $100 billion for fiscal year 2027—a possible 30% upside. This upside aligns with TSMC (TSM.US)’s capacity bottleneck, thereby lending credibility to the forecast.