Broadcom Inc. remains a Buy, supported by strong AI infrastructure demand and robust multi-year hyperscaler partnerships with Meta and Google. AVGO's AI order book has reached $73B, with a total backlog near $162B, reinforcing confidence in the 2027 $100B+ AI chip revenue target. Q3 guidance and backlog growth are critical; sequential AI revenue acceleration and new customer wins would further de-risk the 2027 ramp.