汇丰：博通-ASIC潜力惊喜，目标价400

Broadcom Inc (AVGO US) Upgrade to Buy: ASIC potential to knock our socks off Turning positive on Broadcom driven by better ASIC visibility: We were previously less bullish as we wanted to see better visibility into the ASIC customer pipeline emerge. We also had concerns about Apple share loss in the wireless segment as well as a potential VMware slowdown. However, we turn positive on Broadcom as we now believe its ASIC revenues will significantly beat market expectations from better ASIC project visibility ...