Reported 1 day ago
A recent bullish thesis on Broadcom Inc. (AVGO) highlights the company's strong positioning in AI infrastructure, driven by substantial demand for its Ethernet products and customized ASIC solutions. With its stock price at $359.63 and positive projections from Rosenblatt, Broadcom is seen as well-equipped for long-term growth thanks to accelerating AI adoption and a robust customer pipeline. Despite being off the list of popular hedge fund stocks, AVGO remains an attractive investment option as it capitalizes on increasing hyperscaler demand.
Source: YAHOO