Reported 1 day ago
Mizuho analyst Vijay Rakesh has raised Broadcom's (AVGO) price target to $329 from $315, maintaining an 'Outperform' rating, following the Trump administration's announcement that companies like Nvidia can resume AI GPU shipments to China. This move opens significant opportunities for Broadcom in the rapidly growing AI market, particularly with ByteDance and other customers looking to engage with US products in a previously restricted environment.
Source: YAHOO