In addition to this, analyst firms Piper Sandler, Oppenheimer, and Wells Fargo raised their price targets for Broadcom, driven by strong AI and VMware growth. The company's revenue streams from AI initiatives, progress on the VMware integration, and news of a 10-for-1 stock split were instrumental in this positive market reaction. Broadcom's management highlighted wins in the next generation of chips across all customer engagements during the earnings call.