Reported about 1 month ago
Analyst Stacy Rasgon from Bernstein maintains an Outperform rating on Broadcom (AVGO), emphasizing its strong position in the AI sector while acknowledging the challenges faced by its core business. With a major earnings report anticipated, Rasgon believes Broadcom's software segment, VMWare, could drive future growth, and highlights that the company's stock is currently undervalued compared to the broader semiconductor market.
Source: YAHOO