Analysts update Broadcom stock forecast

Over the past six months, Broadcom's stock has gained 104%. A significant boost to the stock was the Q3 earnings reveal that Broadcom secured $10 billion in orders of AI racks, based on the company's XPUs (XPUs are custom AI accelerators) from OpenAI. However, OpenAI has made numerous deals, and the agreements with Nvidia and Oracle alone are expected to cost the company $650 billion, as reported by The Wall Street Journal. If we include deals with Broadcom and AMD, we approach $1 trillion. OpenAI's annu ...