Broadcom Attracts $27M ARK Investment as Shares Surge 11% on AI
ARK Investment bought 87,148 Broadcom shares for $27M after Jefferies reiterated a Buy rating and $500 target, citing the company’s lead in v8/v9 AI COT chips. Broadcom stock jumped 11% to $343 on rising hyperscaler AI infrastructure spending, and Jefferies forecasts Google will deploy 6M Broadcom units in CY27.
1. ARK Acquires Broadcom Shares
ARK Investment purchased 87,148 Broadcom shares for approximately $27 million on February 6, marking a strategic position by Cathie Wood’s firm in the semiconductor leader.
2. Jefferies Reiterates Buy with $500 Target
Jefferies maintained its Buy rating and $500 price target on Broadcom, implying about 45% upside and highlighting the company’s leadership in custom on-package (COT) v8 and v9 AI chips versus competitors.
3. Stock Gains on Hyperscaler AI Spending
Broadcom shares rose 11% to $343, driven by major hyperscalers ramping up AI infrastructure spending, signaling strong enterprise demand for high-performance semiconductors.
4. Google Deployment Forecast
Jefferies projects Google will deploy 6 million Broadcom AI units in calendar year 2027, with 85–90% of that business tied to Broadcom’s chip portfolio, supporting further revenue growth.