Group 1 - Erste Group upgraded Broadcom (AVGO.US) from "Hold" to "Buy" due to its competitive advantage in AI infrastructure and strong growth in virtualization software [1] - Broadcom's operating profit margin and ROE continue to lead the industry, with high demand for AI semiconductors expected as global enterprises accelerate investments in AI data center hardware and connectivity solutions [1] - Broadcom is set to release its Q1 2025 earnings report, with Wall Street analysts expecting an EPS of $1.57 and revenue of approximately $14.97 billion [1] Group 2 - Erste Group downgraded Salesforce (CRM.US) from "Buy" to "Hold" as revenue and net profit growth are expected to decline year-over-year this fiscal year [1] - Salesforce's current sales growth is lagging behind major competitors, and its valuation remains below the software industry average, which influenced the rating adjustment [1] - The semiconductor industry benefits from increased AI capital expenditure, while traditional SaaS companies face growth slowdown pressures [2]