Broadcom’s AI Chips Forge Ahead Unlocking Billions in Tech Potential, Analysts Say
Piper Sandler analyst Harsh V. Kumar reiterated an Overweight rating on Broadcom Inc (NASDAQ:AVGO) with a price target of $1,650. Kumar hosted a meeting with AVGO’s management on Tuesday. He noted AVGO as a premier player in the generative AI computing space. The analyst said the returns for hyperscalers are clear once the company can run its workloads on hardware with greater power efficiency, such as the XPUs that Broadcom provides. However, companies are still hesitant to adopt these … Read more…