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Story summary
- Broadcom Inc. (NASDAQ: AVGO) traded around $362 on October 13, 2025, up nearly 90% year-to-date.
- Broadcom Inc. CEO Hock Tan said the $10 billion AI chip deal with OpenAI will unlock AI's full potential.
- Analysts project continued revenue growth driven by AI and networking trends, with price targets between $350 and $420.
- Broadcom trades at about 85 times GAAP earnings, which raises valuation concerns amid market volatility from geopolitical tensions.
