Reported 1 day ago
Analyst Stephen Weiss from Short Hills Capital Partners has labeled Broadcom (AVGO) as 'too expensive' and believes it won't surpass Nvidia in the market. While he acknowledges the strong growth in AI revenue, he views Broadcom as a suitable option for users seeking less advanced chips. Despite positive financial projections and potential collaborations with OpenAI, Weiss suggests that investors may find better opportunities in other AI stocks.
Source: YAHOO