Reported 2 days ago
Broadcom Inc. (NASDAQ:AVGO) has been recognized as the 'no. 2 AI franchise' after Nvidia, according to Oppenheimer analysts who reaffirmed a positive outlook for the stock ahead of earnings on September 4. They highlighted Broadcom's leadership in the AI ASIC market and noted its continued growth fueled by AI compute and networking sectors, with significant projects led by major companies like Google, Meta, and ByteDance USA. Analysts raised the price target to $325, emphasizing Broadcom's potential for sustainable growth.
Source: YAHOO