Broadcom is a best-in-class chip stock as A.I. drives earnings power, Bank of America says

Broadcom continues to be a "best-in-class" buying opportunity as artificial intelligence drives earnings power, according to Bank of America. Analyst Vivek Arya reiterated a buy rating on Broadcom following a keynote address from CEO Hock Tan at Bank of America's Global Technology Conference.

mountain Broadcom shares 1-day Broadcom shares surged 41% this year. However, the analyst's $950 price objective represents 20% further upside from Tuesday's close of $790. That growth will be supercharged by the rapidly expanding A.I. market, which is still in its early stages. Arya highlighted the potential not only in Broadcom's semiconductors business, but also in its AI ethernet networking platform.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank of America Predicts Milds Recession After Fed's Tightening Action – Finance Bitcoin News'Last time I was here was it was the end of, uh, last year and we predicted a recession this year. We moved it out. It's basically third quarter this year, fourth quarter, this year' BofA CEO stated
Source: BTCTN - 🏆 531. / 51 Read more »

These high-yield ETFs are a smart way to invest in preferred stocks, Bank of America saysPreferred stocks are offering their highest yields in over a decade, according to Bank of America.
Source: CNBC - 🏆 12. / 72 Read more »