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High materiality8/10

Gary Black Sees Broadcom as Mag 8 Value Play on AI Revenue Growth

Sep 10, 2026, 11:41 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Valuation gap versus Mag 8 peers combined with strong AI-revenue trajectory and positive commentary from a respected investor could attract buyers and lift AVGO multiples, especially if AI growth remains resilient.

AI summary

What happened, with direct paths to the underlying reporting

Gary Black endorses Broadcom within the Mag 8 framework, noting AVGO trades at a 2026 P/E of 0.9x vs peers' PEGs. AI revenue momentum is highlighted by Q3 results and 2026 guidance, with AI revenue forecast at $58B for FY2026. After a post-earnings dip, the stock has begun to rebound, suggesting a potential re-rating if AI growth sustains.

  • Gary Black doubles down on Mag 8; AVGO cheapest on 2026 P/E vs forward-PEG at 0.9x.
  • Q3 AI revenue: $16.7B, +221% YoY; Q4 AI revenue guide: $21.7B, +236% YoY.
  • Shares recovered to about $361 after the post-earnings drop; still below pre-earnings level.
  • CEO Hock Tan: AI chip demand exceeds current supply, hinting at possible upside in AI revenue.
  • AVGO forecasts 2026 AI revenue at $58B, implying strong growth vs peers in Mag 8.

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StockNews.AI groups source reporting, classifies the event, and measures subsequent price movement. This is informational research, not investment advice. Prices may be delayed or unavailable.

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