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Bullish Sentiment on Broadcom is Catching Up to Nvidia, Citi Analysts Say
AVGOBroadcom(AVGO) Investopedia·2024-07-22 19:01

Key TakeawaysBroadcom is catching up to Nvidia as a top pick among investors, Citi analysts reported after meeting with investors and discussing their sentiment toward stocks.Investors believe Broadcom is well-positioned with its custom AI chip customers while Nvidia is being affected by "investor fatigue," Citi wrote. Both stocks have been big winners this year, though big tech shares were hit by a range of investor concerns last week. Investors still love Nvidia (NVDA) — but Broadcom (AVGO) is catching up ...