Analysts are optimistic about Broadcom’s ability to ride the AI momentum and deliver upbeat results later this week.

Broadcom stock was on pace to set an all-time high Tuesday, and the chip maker could see its shares climb even further, according to Citi Research. Shares slumped to begin the year but have surged more than 70% since April 3.

Broadcom Inc. benefits from removal of AI Diffusion Rule; a key risk I had flagged in my last article on the stock. Click here to find out why AVGO is a Hold.