Google Is Gaining Ground in TPUs, But This 1 Other Chipmaker Is Still a Strong Buy According to Morgan Stanley

Alphabet's (GOOGL) (GOOG) Google is gaining significant traction in the AI chip market with its custom Tensor Processing Units (TPUs), but Morgan Stanley analysts believe Broadcom (AVGO) remains an even stronger investment opportunity. The investment firm raised its price target on Broadcom to $443, pointing to Google's TPU success as validation of broader demand for custom AI chips that Broadcom helps design and manufacture. This connection between the two companies has turned Broadcom into a derivative ...