Broadcom, Marvell, and SanDisk Are Quietly Building Toward a Massive Bull Run

Three suppliers of AI infrastructure head into 2027 with very different charts. Broadcom (NASDAQ:AVGO | AVGO Price Prediction) is up only 3.22% year-to-date, even though its AI semiconductor revenue rose 221% to $16.7 billion last quarter.

Marvell (NASDAQ:MRVL) has gained 207.35% this year, and SanDisk (NASDAQ:SNDK) has jumped 628.36%. AI chip stocks pulled back in late September, including SanDisk and Marvell (Barron’s), which gives investors a fresh starting point.

Here is how these stocks could reach $600, $400 and $2,500 in 2027.

Wall Street Already Sees Room to Run

Consensus targets are $531.85 for Broadcom, $290.39 for Marvell and $2,136.54 for SanDisk. From today’s prices, that points to upside of 50%, 11% and 24%. None of the three has a single Sell rating in the Broadcom or Marvell coverage (45 Buy-or-better ratings on Broadcom).

Broadcom’s $600 Case Is Built on Custom Chips

Hock Tan was blunt on the call: “Q3 demand was simply hot and we’re just getting started.” Management expects AI revenue of about $115 billion in fiscal 2027 and $230 billion in fiscal 2028. Tan also said Broadcom is “very much on target to exceed $30 in earnings per share in fiscal 2028.”

At $355.29, shares trade at about 12x that fiscal 2028 figure. At $600, the multiple would be 20x, a reasonable price for a company with nine straight earnings beats. Catalysts include:

• Guidance for Q4 AI revenue of $21.7 billion, up 236%
• A long-term agreement with Google to supply future TPU generations
• Production shipments of OpenAI’s first custom accelerator

Marvell Has a Realistic Route to $400

Marvell’s CEO said “AI-related bookings remain exceptionally robust.” Management raised its fiscal 2028 growth outlook to about 50%. The fiscal 2028 EPS consensus has risen to $6.7609, up from $6.1726 90 days ago. Shares trade at 39x that estimate.

A $400 price would mean 59x, which is a premium multiple that only works if the custom business more than doubles as forecast. The next catalyst is the October 6 Investor Day, where management promised detail on custom revenue through the end of the decade.

SanDisk’s Contracts Support a $2,500 Price

David Goeckeler called the latest quarter “a fundamental inflection point.” SanDisk’s multi-year customer agreements lock in at least $93.9 billion of revenue at floor pricing. EPS came in at $39.25, beating estimates for the fifth consecutive quarter, and Q1 guidance calls for $44 to $46.

If you annualize the low end of that range, shares trade near 10x earnings. At $2,500, they would trade at about 14x. SanDisk also has a $15.5 billion buyback authorization.

These Stocks Have Delivered Big Gains Before

The targets require increases of 69% for Broadcom, 53% for Marvell and 45% for SanDisk.

Broadcom has returned 2,546.55% over ten years, and Marvell has returned 2,005.21%. SanDisk traded as high as $2,354.39 within the past year.

Bottom Line on $600, $400 and $2,500

Each stock needs a strong 2027 to reach that level. The main risks are supply constraints, customer concentration and NAND cyclicality. Still, rising estimates, contracted demand and a history of earnings beats give all three real momentum.

The signs that showed up early in the last generation of monster semiconductor winners are the ones we cataloged in a free playbook here. Such returns shouldn’t be expected every year, but this is the pattern for how Broadcom, Marvell and SanDisk could post outsized increases in 2027.

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