Broadcom (AVGO) Price Target Raised on Massive OpenAI Custom Chip Partnership
Broadcom Inc. (NASDAQ:AVGO) is one of the AI Stocks in Focus on Wall Street. On October 13, Mizuho raised its price target on the stock to 410.00 while maintaining an Outperform rating. The raised price target follows OpenAI’s announcement of a custom ASIC partnership with the chipmaker. The companies announced a collaboration on Monday for 10 gigawatts of custom AI accelerators starting in 2026. OpenAI will engage in the design of the accelerators and systems, which will be developed and de ...