Broadcom (NASDAQ:AVGO) has had an eventful time in the AI market, showing an extraordinary move amid chaos. Its position has been compared to winning a marathon, while Intel wins a sprint. There has been significant fluctuation in the stocks of tech giant and AVGO competitor NVIDIA; concerns around DeepSeek's AI Model impacting AVGO's stock and a 15% stock drop due to growing threats from Chinese AI startup DeepSeek. Despite the intense competition, AVGO remains a promising figure in the AI field. Several
Asset management firms have trimmed, reduced or sold their AVGO holdings, potentially due to these challenges. According to financial analyst Jim Cramer, Broadcom remains a strong choice for investors, particularly those looking for dividends.
Morgan Stanley has lowered its price target for AVGO to $246, while Bernstein reaffirmed its outperform rating for AVGO, downplaying DeepSeek's impact. Despite a decline in AVGO's stock market performance, the company's revenue growth, driven by AI, remains strong. Some suggest that the DeepSeek dip could be an opportunity.
Broadcom AVGO News Analytics from Sun, 19 Jan 2025 08:00:00 GMT to Sat, 01 Feb 2025 20:12:36 GMT -
Rating 5
- Innovation 6
- Information 8
- Rumor -3
