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Latest reporting and analysis tagged with Broadcom.
Broadcom's market cap exceeds $1.6 trillion, with stock up nearly 700% over five years. Fourth-quarter net revenue increased 28% year over year. The company's chips are positioned for the AI inference phase, serving major tech firms.
Nvidia's dominance in AI infrastructure faces challenges from Broadcom's custom ASICs and TSMC's manufacturing role, with analysts projecting significant revenue growth for Broadcom.
China banned cybersecurity software from US and Israeli firms, including Broadcom's VMware, citing national security. Broadcom stock declined following the announcement.
Bernstein analyst Stacy Rasgon reiterated an Outperform rating on Broadcom with a $475 price target, dismissing competitive threats and highlighting the company's unmatched innovation in AI ASICs.