On December 16, Gelonghui reported that Citibank published a Research Report indicating that Broadcom's performance in the last fiscal quarter roughly met expectations, with revenue growing 8% quarter-on-quarter to 14.1 billion USD, and earnings per share slightly exceeding expectations, driven mainly by the expansion of gross margin. The bank noted that although the company's Semiconductors-related business revenue declined due to seasonal factors in the wireless business, management revealed that the number of AI clients expanded from three to five, with market speculation that one of them is Apple, which is expected to bring continuous growth momentum, leading to continued quarter-on-quarter growth in AI-related business revenue. Consequently, Citibank raised its 2025 revenue forecast for Broadcom from 59 billion to 61.1 billion USD, upgraded its earnings per share forecast from 4.96 to 5.2 USD, maintained its 2026 revenue forecast, reaffirmed the 'Buy' rating, and raised the Target Price from 205 to 220 USD, believing that while its Semiconductors business is expected to slow down, the AI-related Sector will continue to grow.