Broadcom Inc. (AVGO) Draws ARK Investment Amid Positive AI Growth Outlook

A time anterior to this, Jefferies maintained its Buy standing and $500 terms people connected Broadcom Inc. (NASDAQ:AVGO), which translates to an upside imaginable of astir 45%. The steadfast highlighted the company’s coagulated footing successful the AI and networking space. While responding to concerns related to the company’s customized on-package (COT) business, Jefferies noted that Broadcom is “well ahead” of MediaTek connected v8 chips, adding that the institution volition prolong this vantage with v9 chips successful timing and capabilities.

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According to the firm’s bottom-up model, Google volition execute 6 cardinal full units successful CY27, with 85-90% of that concern tied to Broadcom Inc. (NASDAQ:AVGO). Jefferies believes that determination is “room for that wide fig to determination up further.”

Broadcom Inc. (NASDAQ:AVGO), headquartered successful Palo Alto, California, is simply a developer and supplier of semiconductor devices and infrastructure bundle solutions. Founded successful 1961, the institution operates successful 2 segments: Semiconductor Solutions and Infrastructure Software.

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