JPMorgan raised Broadcom's price target to $580, citing AI chip revenue growth over 200% and the company's $35 billion AI infrastructure platform launch.

Broadcom (AVGO) stock jumps 6% as JPMorgan dismisses Google TPU delay rumors and projects massive AI revenue growth through 2031.

JPMorgan raised Broadcom's price target to $580, citing AI chip revenue growth over 200% and the company's $35 billion AI infrastructure platform launch.