What did TD Cowen say about Broadcom’s AI demand?

TD Cowen said management described AI demand as “insatiable,” covering accelerators and AI networking, and noted bookings are running above the recently disclosed US$73 billion backlog. The firm reiterated its Buy rating and US$450 target, highlighting improved visibility and potential upside if orders convert faster into revenue and margins stay strong.

Is the US$450 AVGO price target from TD Cowen in CAD or USD?

The US$450 AVGO price target is quoted in U.S. dollars. Canadian investors should consider USD/CAD moves when assessing return potential. Currency shifts can amplify gains or losses versus a CAD benchmark, especially around earnings and macro events that affect both the stock and the exchange rate.

How do the technicals look for Broadcom stock right now?

Signals are mixed. RSI is 42.70, MACD is negative, and ADX at 16.58 suggests no strong trend. Price sits below the 50-day average around 357. Key zones include 325 to 330 on the downside and 356 to 358 on the upside. ATR at 13.47 points to active daily swings.

What near-term catalysts should Canadian investors watch?

Focus on March 4 earnings for AI order updates, margin mix, and networking growth. Watch hyperscaler capex commentary from cloud leaders, as it often sets demand tone. Technically, a reclaim of the 50-day average could improve momentum. Currency shifts can also affect CAD returns, so track USD/CAD around major data and Fed decisions.

Global Market Insights

AVGO Stock Today: January 23 TD Cowen Flags ‘Insatiable’ AI Demand

ByHuzaifa Zahoor January 23, 2026January 23, 2026

Broadcom stock is in focus after TD Cowen flagged “insatiable” AI chip demand across XPUs and AI networking and reiterated a Buy with a US$450 AVGO price target. Management signaled bookings are running above the recently disclosed US$73 billion backlog, supporting revenue visibility. For Canadians, the AI build-out and stronger pipeline ease margin and backlog worries. Shares of AVGO may see near-term upside risk as investors digest the TD Cowen rating and improved order flow context.