New York, January 10, 2026, 09:48 EST — Market closed
Broadcom stock rose 3.7% on Friday, up $12.39 to $344.97, as investors bought back into AI-linked chip names into the close of the week.
The move matters now because Broadcom has become a quick read on two things traders keep arguing about: how long the AI build-out stays hot, and whether U.S. rates can move lower without inflation flaring again. The next macro test comes Tuesday with the U.S. Consumer Price Index, a key inflation gauge, followed a day later by producer prices.
Mizuho analyst Vijay Rakesh raised his price target on Broadcom to $480 from $450 and kept an Outperform rating, TipRanks reported, citing TheFly. A price target is an analyst’s forecast; that call sits about 39% above Friday’s close. Mizuho said the group still has upside on “attractive valuations,” though it expects the pace to be more modest than 2025.
The chip bid helped lift the S&P 500 to a record close on Friday, Reuters reported, with the PHLX Semiconductor Index — a basket of chip stocks — up 2.7% to a record. Broadcom rose 3.8% alongside gains in Alphabet and Tesla, while Lam Research jumped 8.7% after a separate Mizuho target hike; Intel rallied almost 11% after President Donald Trump said he met with its CEO. “On the overall AI theme, investors are getting granular and picking the winners and losers in terms of sub-themes and individual names,” said Zachary Hill, head of portfolio management at Horizon Investments.
Broadcom ended Friday about 17% below its 52-week high of $414.61, and it has traded between $138.10 and $414.61 over the past year, Google Finance data showed. The company’s market value is about $1.64 trillion and the shares trade at roughly 72 times trailing earnings, based on the listed price-to-earnings ratio. Its dividend yield is about 0.75%.
On a shorter chart, Broadcom is still below its 50-day moving average of $361.05, a level some traders treat as a rough trend gauge. The stock’s 52-week change stands at about 47.6%, according to Yahoo Finance statistics.
Cathie Wood’s ARK Invest bought 31,573 Broadcom shares through the ARK Next Generation Internet ETF on Jan. 8, TipRanks reported, citing the fund’s daily disclosures. The purchase was valued at about $10.4 million.
A Form 4 filing — the SEC disclosure used for insider trades — showed Broadcom chief legal and corporate affairs officer Mark David Brazeal sold 30,000 shares on Jan. 6 at weighted average prices around $347 a share. He reported owning 210,573 shares after the sales.
But the stock’s sharp swings since December underline a sore point: margins. Broadcom warned in December that a higher mix of lower-margin custom AI processors was squeezing profitability, a worry that knocked the shares down more than 11% that day, Reuters reported.
For the broader tape, the next Fed meeting is set for Jan. 27-28, when investors will look for any shift in the central bank’s rate path.
Company-specific, the next earnings date on most calendars is early March; Nasdaq lists Broadcom’s next report as March 5, though the date is estimated. That call is likely to turn on AI-related chip demand, networking orders and any new detail on margins.
