Broadcom Issues $4.5B in Notes as AI Concerns Linger

Broadcom Inc. (NASDAQ:AVGO) is among the most profitable US stocks to buy. On January 12, Broadcom Inc. (NASDAQ:AVGO) announced the issuance of $4.5 billion in senior notes, according to the latest U.S. Securities and Exchange Commission filing. The company plans to utilize the net proceeds to fund general corporate operations and to repay existing loans. Earlier on January 9, Stacy Rasgon, an analyst at Bernstein, reaffirmed an ‘Outperform’ rating on Broadcom Inc. (NASDAQ:AVGO) with a price target of $4 ...