Benchmark Boosts Broadcom’s (AVGO) Price Target Amid AI Chip Growth

Broadcom Inc. (NASDAQ:AVGO) ranks among the best AI stocks to buy according to analysts. Citing robust development in the AI semiconductor industry, Benchmark increased its price target for Broadcom Inc. (NASDAQ:AVGO) from $385 to $485 on December 12, retaining a Buy rating on the company’s shares. According to Broadcom Inc. (NASDAQ:AVGO), its AI semiconductor division achieved $6.5 billion in Q4, improving 76% year-over-year and 25% sequentially. The company reported $21 billion in orders from Anthropic ...