Oct 27, 2026, 7:49 AM ETBroadcom Inc. (AVGO) Stock, AVGO:CA StockANTOakoff InvestmentsInvesting GroupSummaryBroadcom's nearly 32% retreat looks excessive to the author, as custom XPU demand supports accelerating revenue and operating profit growth.Lower gross margins reflect rising HBM content rather than collapsing demand, with management guiding for a stable 66% operating margin.Anthropic's potential public listing could improve funding flexibility and reduce customer financing concerns, although Broadcom's concentrated exposure remains a substantial risk.Nearly $180 billion in noncancelable obligations and Google's agreement through 2031 strengthen visibility, but execution still depends on ambitious customer deployments.Assuming $21 in FY2027 EPS and multiple expansion, the author targets $483, implying a 46-47% upside against approximately a 20% downside under bearish assumptions.Looking for more investing ideas like this one? Get them exclusively at Beyond the Wall Investing.