Mizuho Sees Anthropic as Broadcom’s (AVGO) Fourth Hyperscale ASIC Partner, Raises Target
Broadcom Inc. (NASDAQ:AVGO) is one of the Trending AI Stocks on Wall Street’s Radar. On October 21, Mizuho reiterated the stock as “Outperform” and raised its price target to 430. The firm now believes Anthropic is Broadcom’s fourth customer. “Reiterate AVGO at Outperform, raise PT to 430), 42.7x our C26E P/E as we note AVGO now potentially with 5 Hyperscale ASIC customers (out of a possible ~7), as it continues to see its TAM/share expand with leadership in the AI ASIC ...