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Broadcom ( AVGO +3.35% ) trades at $352 as of Oct. 2, 2026, so $2,000 buys roughly 5.7 shares. I see a realistic path for the stock to double, and possibly do a bit better, turning that stake into $5,000 by 2030. It assumes demand for artificial intelligence chips and networking will keep growing, without a supply shock or a stall in data center spending.
Broadcom's own outlook still points to a high-growth stretch that could lift the shares. Image source: Getty Images. CEO Hock Tan says Broadcom could exceed $30 in earnings per share in fiscal 2028 The insatiable demand for AI chips strengthens the case that this stock offers substantial upside over the next few years.
Broadcom designs custom accelerators, or XPUs, as well as the networking components and infrastructure software that move data across AI workloads. In the fiscal third quarter ended in August, AI semiconductor revenue grew 221% year over year. Hyperscalers have accelerated data-center spending, yet they are still short on compute.
Alphabet (Google) said it will "increase significantly" its capital spending in 2027. Amazon is in a similar position and expects to remain supply-constrained next year. This points to growing demand for Broadcom.
The company expects AI revenue to reach $230 billion in fiscal 2028, up from an expected $58 billion this year. During the fiscal Q3 2026 earnings call, CEO Hock Tan said, "We are very much on target to exceed $30 in earnings per share in fiscal 2028." Premium Feature Moneyball Superscore 91 /100 Today's Change ( 3.35 %) $ 11.50 Current Price $ 355.14 How $2,000 turns into $5,000 The stock trades at just 11.7 times fiscal 2028 estimates. Assuming Broadcom hits the fiscal 2028 earnings target, a price of about $700 implies a multiple in the low 20s, roughly twice today's multiple on those estimates, and still well within Broadcom's historical valuation range.
That would turn $2,000 into about $4,000. The rest of the path is further earnings growth. If earnings reach $40 by fiscal 2030, which is only a modest increase over fiscal 2028, a similar multiple could push the stock to around $900, turning today's $2,000 into about $5,000.
Supporting the case for further growth, Tan said on the Sept. 2, 2026, earnings call that management expects demand to grow through 2029 for future generations of custom chips being developed with Google. Broadcom is also designing chips for Anthropic, OpenAI, and Meta Platforms . The supply chain is still a risk.
Broadcom says it has secured the components to meet its outlook through fiscal 2028, but a geopolitical shock or an industry downturn could still send the stock down. Even so, the long-term trend toward more complex chip designs and demand in the AI market is a bullish setup for Broadcom. The cost and power efficiency of custom chips may erode the market share of traditional chips, including Nvidia 's.
Tan said the chip designed for OpenAI can run frontier models at half the cost of a GPU. That shift is a long-term tailwind, and it raises the odds of market-beating gains.
Source: The Motley Fool
