Broadcom (AVGO) has been in the news frequently, mainly concerning their involvement with AI and stock related operations. They are reportedly discussing a possible AI chip collaboration with OpenAI, this collaboration aims to decrease reliance on Nvidia. Following this report, AVGO's stock has gained. Despite a recent decline, the stock has been identified as potentially the best AI pick among Large-caps and an average rating of 'Moderate Buy' has been given by brokerages. Broadcom also completed a 10-for-1 stock split leading to price target increases. However, some insider selling has raised eyebrows. The AI capabilities showcased by Broadcom have been touted as potentially leading the market, with experts such as Jim Cramer finding it 'difficult to imagine' how AI would function without Broadcom. Predicted stock behavior post-split is varied, with opinions ranging from bullish to bearish. Additionally, Broadcom has taken steps to refinance loans for its VMware deal by kicking off a bond sale. Amid all this, the stock continues to be a top AI pick for major tech funds.
Broadcom AVGO News Analytics from Wed, 15 May 2024 07:00:00 GMT to Sun, 21 Jul 2024 21:15:05 GMT - Rating 4 - Innovation 7 - Information 5 - Rumor -2
