Goldman Sachs Reiterates Buy Rating on Broadcom (AVGO) Stock
Broadcom Inc. (NASDAQ:AVGO) is one of the Most Promising AI Stocks to Buy Right Now. On October 13, analyst James Schneider of Goldman Sachs reiterated a “Buy” rating on the company’s stock, boosting the price objective to $380.00. The analyst’s rating is backed by a combination of factors, mainly revolving around Broadcom Inc. (NASDAQ:AVGO)’s strategic partnership with OpenAI. The analyst highlighted that this collaboration is set to deploy 10GW of custom-designed AI accelerators and networking products, ...