Reported 29 days ago
Goldman Sachs has initiated coverage on Broadcom Inc. (NASDAQ:AVGO) with a Buy rating and a price target of $315, citing the company's robust merger and acquisition strategy and its dominance in the enterprise networking silicon market. Forecasts indicate that by 2026, over 40% of Broadcom's operations will be driven by artificial intelligence, further solidifying its strong position in infrastructure software.
Source: YAHOO