AI-driven stock price continued to rise for two days, reaching a new high. Several Wall Street institutions have raised the target price for Broadcom Inc. (AVGO.US).

Last Friday, the market value of Broadcom Inc. (AVGO.US) surpassed $1 trillion for the first time, achieving the highest single-day increase in history with a stock price surge of 24%. This Monday, driven by multiple Wall Street institutions raising their target prices, Broadcom Inc.'s stock price rose over 11% again, closing at $250. The latest increase in Broadcom Inc.'s stock price comes from the release of better-than-expected financial reports on Thursday night and an optimistic outlook for the first quarter. As a supplier of semiconductor and infrastructure software, Broadcom Inc. has benefited from the explosive growth of generative artificial intelligence. This year, the company's AI-related revenue increased by a significant 220%, reaching $12.2 billion. Goldman Sachs Group, Inc. analysts recommend investors to buy Broadcom Inc. stocks and have raised their 12-month target price from $190 to $240. They mentioned that Broadcom Inc. has added several major customers for its customized silicon products and highly praised the company's execution capabilities after completing the $61 billion VMware acquisition last year. "We are more confident in the company's future revenue and profit growth prospects." Barclays PLC Sponsored ADR has increased Broadcom Inc.'s target price from $200 to $205, while Truist has raised the target price from $245 to $260. As of this Monday, Broadcom Inc.'s stock price has increased by over 126% this year, while another leading company in the AI field, NVIDIA Corporation (NVDA.US), has seen its stock price rise by over 165% this year, with a market value of $3.2 trillion. In comparison, the Nasdaq index has seen a 34% increase for the year. Broadcom Inc. refers to its customized AI accelerator as XPU, which is different from the GPUs sold by NVIDIA Corporation. The company revealed that XPU shipments doubled in the fourth quarter, primarily to three mega-scale enterprise customers. Although the company did not disclose specific customer names, analysts generally believe that these three major customers are Meta (META.US), Alphabet (GOOGL.US, GOOG.US), and the parent company of TikTok, ByteDance. Broadcom Inc.'s layout in the AI field, along with its XPU technology and strong market demand, has created significant growth momentum for the company. In the context of rapid development of generative AI, industry giants like Broadcom Inc. and NVIDIA Corporation are expected to continue benefiting from this trend.