Goldman Sachs Reiterates Buy Rating on Broadcom (AVGO) Stock

Group 1 - Broadcom Inc. is recognized as one of the most promising AI stocks to buy, with a "Buy" rating reiterated by Goldman Sachs and a price target increase to $380.00 [1][2] - The strategic partnership with OpenAI involves deploying 10GW of custom-designed AI accelerators and networking products, enhancing Broadcom's leadership in custom silicon technology [1][2] - The partnership is expected to begin deployments in the second half of 2026 and complete by the end of 2029, providing significant revenue opportunities and reaffirming Broadcom's strong technology position [2] Group 2 - Polen Capital initiated positions in both NVIDIA and Broadcom in Q3 2025 after a two-and-a-half-year absence, citing concerns over the cyclical nature of their business models [3] - The investment management company expressed that the highly cyclical business models of both companies make it challenging to forecast future earnings growth with confidence [3] - The concern regarding potential downcycles within typical holding periods was highlighted, emphasizing the difficulty of maintaining a concentrated portfolio [3]