Deutsche Bank Is Bullish On Broadcom Inc. (AVGO)

Group 1 - Deutsche Bank raised its price target for Broadcom Inc. from $400 to $430 while maintaining a buy rating, citing impressive fiscal fourth-quarter performance [1] - Broadcom warned that increasing sales of lower-margin custom AI chips would decrease profitability, leading to a stock drop of over 11% [2] - The company reported a $73 billion backlog to ship in the next 18 months, despite the margin pressure from a higher proportion of AI sales [2] Group 2 - The stock has increased by over 46.72% year-to-date, with analysts suggesting that panic over spending plans may be premature [3] - Significant highlights include the announcement of a new custom AI chip in 2026 and an $11 billion order for an AI chip from Anthropic for the second half of 2026 [3] - Broadcom is recognized as a leading semiconductor business that has expanded into infrastructure software, although some analysts believe other AI stocks may offer greater upside potential [4]