• Benchmark upgraded Broadcom (NASDAQ:AVGO) to "Buy" with a new price target of $485.
• The semiconductor sector shows mixed trends, with Broadcom cautious about Google's Tensor Processing Units (TPUs) in the AI chip market.
• Broadcom's market capitalization stands at approximately $1.91 trillion, despite a recent stock price decline.

Broadcom (NASDAQ:AVGO) is a prominent player in the semiconductor industry, known for its diverse range of products including chips for data centers, networking, and broadband. On December 12, 2025, Benchmark upgraded Broadcom's stock to "Buy," setting a new price target of $485, up from $385. At the time, AVGO was trading at $406.96.

The semiconductor sector is currently experiencing mixed trends. Nvidia is in a consolidation phase, Intel is finding support during pullbacks, and AMD is stabilizing despite cautious guidance on AI. This mixed behavior suggests that buying on dips could be a favorable strategy, as highlighted by FXEmpire. Broadcom's recent concerns have influenced these market dynamics.

Broadcom is cautious about the potential dominance of Google's Tensor Processing Units (TPUs) in the AI chip market. Despite being a key partner, Broadcom tempers expectations regarding Google's AI chips becoming the leading force. This cautious stance comes amid increasing competition from companies like NVIDIA, as noted by Barrons.

Broadcom's stock experienced a decline following its earnings report. The stock is currently priced at $406.96, reflecting a decrease of 1.46% or $6.01. During the trading day, AVGO reached a low of $394.19 and a high of $408.53. Over the past year, the stock has seen a high of $414.61 and a low of $138.10.

Broadcom's market capitalization is approximately $1.91 trillion, with a trading volume of 26.64 million shares on the NASDAQ exchange. Despite the recent decline, the company's strategic assessment of the AI chip market and its competitive landscape suggests a focus on long-term growth.