2024-06-07 03:01:00 ET
Broadcom (NASDAQ: AVGO) hasn't gotten as much attention as some other artificial intelligence (AI) stocks, but the company expects to see demand for chips ramp up due to the increase in generative AI-driven infrastructure.
Broadcom does a lot of things and it has been a prolific acquirer over its history, recently taking over VMware. Among its specialties are custom chips and networking chips. Both categories are likely to see a spike in demand from artificial intelligence, and at least one analyst seems to be taking notice.
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For further details see:
Is Broadcom Stock Going to $1,850? 1 Wall Street Analyst Firm Thinks So.