Broadcom Inc. (NASDAQ:AVGO) is included in our list of the 7 most oversold data center stocks to invest in.

A rendering of Applied Digital's Polaris Forge 2 data center. Photo from Applied Digital's website

More than 90% of covering analysts remain bullish on Broadcom Inc. (NASDAQ:AVGO) as of April 1, 2026, while the consensus price target of $472.50 implies over 50% upside.

That analyst confidence remains strong as Broadcom Inc. (NASDAQ:AVGO) continues to expand its software and cybersecurity footprint.

On March 24, 2026, Broadcom Inc. (NASDAQ:AVGO) signed a $970 million, five-year contract with the Defense Information Systems Agency and Carahsoft Technology Corp. The agreement comes as the DISA aims to simplify and consolidate software procurement across multiple agencies, which include DISA, the U.S. Air Force, the U.S. Space Force, and Combatant Commands.

Broadcom Inc. (NASDAQ:AVGO)’s private cloud platform, VMware Cloud Foundation, will be leveraged to streamline acquisition, improve pricing transparency, reduce costs, and support private cloud infrastructure, tactical edge operations, Zero Trust security, modern application development, and AI deployment.

On the previous day, Broadcom Inc. (NASDAQ:AVGO) announced the introduction of Symantec CBX, a cloud-based XDR platform that integrates Symantec and Carbon Black technologies into a single security offering. The solution helps under-resourced organizations tackle advanced cyber threats by integrating threat prevention, detection, data security, and AI-powered response tools.

Broadcom Inc. (NASDAQ:AVGO) operates as a developer, designer, and supplier of a range of semiconductor devices and infrastructure software solutions globally. It operates through the Infrastructure Software and Semiconductor Solutions segments. The company was incorporated in 1961 and is based in Palo Alto, California.

While we acknowledge the potential of AVGO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years. Disclosure: None. Follow Insider Monkey on Google News.