The Next Wave of AI Demand Could Send Broadcom, Marvell, and AMD Soaring
Broadcom management called Q3 demand simply hot, and Marvell and AMD have already tripled in 2026 alone. The question now is whether three bold price targets for 2027 are ambitious or just the beginning.
On its September earnings call, Broadcom (NASDAQ:AVGO | AVGO Price Prediction) management said: “Q3 demand was simply hot and we’re just getting started.”
Broadcom makes custom accelerators for six XPU customers. Marvell Technology (NASDAQ:MRVL) and AMD (NASDAQ:AMD) are profiting from the same hyperscaler spending.
Marvell is up 227.31% year-to-date, AMD has gained 195.73%, and Broadcom is up 8.25%. Here’s how each stock could reach a bold target in 2027.
Wall Street Sees Upside, and Estimates Keep Climbing
Analysts’ average price target for Broadcom is $531.31, meaning 43% upside. Marvell’s is $330.16 (19% upside), and AMD’s is $636.21, essentially flat. Earnings estimates are moving faster than those targets, though.
AMD’s 2027 EPS consensus rose from $13.1770 90 days ago to $15.5833. Over the same stretch, Marvell’s fiscal 2028 estimate climbed from $6.1726 to $6.7609.
Broadcom’s Path to $600
At $372.60, Broadcom trades at 19x fiscal 2027 EPS estimates of $19.3938. A $600 share price would push it to 31x, a 61% gain. Three drivers stand out:
- AI semiconductor revenue is expected to about double to $115 billion in fiscal 2027 and $230 billion in fiscal 2028.
- Broadcom has beaten EPS estimates 9 consecutive times, so actual results could come in above forecasts.
- Management says it is on target to “exceed $30 in earnings per share in fiscal 2028.”
Marvell’s Path to $450
Marvell trades at 41x fiscal 2028 estimates. At $450, the multiple would be 67x, meaning a 62% gain. That’s a steep premium, but analysts expect 60% EPS growth in fiscal 2028.
Marvell raised its 2028 revenue forecast at its Investor Day, and custom revenue is expected to more than double that year. An expanded Google (NASDAQ:GOOGL) partnership includes a warrant for up to 7% of Marvell’s shares. CEO Matt Murphy said “AI-related bookings remain exceptionally robust.”
AMD’s Path to $1,000
At $633.34, AMD trades at 41x 2027 estimates. A $1,000 price would put the multiple at 64x, a 58% gain. Analysts expect EPS to grow 106% in 2027. Management expects data center revenue to “more than double year-over-year in 2027” as Helios racks ramp.
Anthropic plans up to 2GW of MI450 GPUs, and Meta Platforms (NASDAQ:META) plans up to 6GW of Instinct GPUs. AMD beat estimates in each of its last two quarters.
History Shows These Gains Are Within Reach
Gains of about 60% look ambitious, but Marvell has more than tripled and AMD has nearly tripled in 2026 alone.
Over 10 years, AMD has returned 9,282.81%. Broadcom is up 725.89% over five years and traded as high as $493.28 within the past year.
My Take on $600, $450, and $1,000
Each target meaning a gain of about 60%. Rising estimates, Broadcom’s beat streak and gigawatt-scale customer commitments support the bull case (and the picks-and-shovels names feeding these buildouts are their own trade, which we covered in a free report on seven AI infrastructure suppliers that aren’t chipmakers).
There are real challenges: shortages of wafers, substrates, HBM and data-center power, customer concentration, and export controls for AMD. Such high returns are rare, but this is how Broadcom, Marvell and AMD could deliver outsized gains in 2027.
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Vandita Jadeja is a financial publisher with over a decade of experience writing about financial topics, including investment, savings, retirement, insurance and banking. Vandita is a Chartered Accountant who loves to debunk financial concepts for readers.
Her work has appeared on sites that include The Motley Fool, InvestorPlace, and Benzinga. She covers investing and focuses on stock picks and price prediction for 24/7 Wall St.
When not looking for the next stock investment opportunity, she can be found traveling, reading, chasing sunsets and enjoying her iced latte.
