Cantor Maintains Overweight on Broadcom (AVGO), Citing Strong AI Momentum

Broadcom Inc. (NASDAQ:AVGO) is one of the Trending AI Stocks on Wall Street. On December 12, Cantor Fitzgerald maintained its “Overweight” rating on the stock with a $525 price target. The firm has reiterated its “Top Pick” status on Broadcom based on AI infrastructure momentum and expanding silicon footprint. The fabless chip and software maker reported a top-and-bottom-line earnings beat. Besides strong results for the October quarter, the company also provided a modest raise for January quarter guidan ...