[Goldman Sachs Maintains Buy Rating for Broadcom, Expects FY2027 AI Revenue to Exceed Expectations] According to TrendForce Research, Goldman Sachs maintained a Buy rating for Broadcom (AVGO) with a target price of $525 in its August 18 report. Goldman Sachs estimates Broadcom's FY2026 AI revenue at approximately $57 billion and FY2027 AI revenue at $133 billion, 12% higher than consensus estimates. Broadcom's total FY2027 revenue is projected to reach $186.986 billion, with an EPS of $21.40. Goldman Sachs believes market concerns over competition from MediaTek and AMD are overstated, and Broadcom's current PE ratio of approximately 38x does not fully reflect its AI revenue potential. Broadcom demonstrates momentum in mass production deliveries, customer relationships, and the ramp-up of its Tomahawk 6 switch chips. Goldman Sachs recommends paying attention to topics in the earnings call, including FY2027 AI revenue guidance, ASIC market share, and data center deployments.