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Broadcom Secures $10 Billion AI Chip Deal with OpenAI, Stock Target Raised to Street-High $410
Broadcom Secures $10 Billion AI Chip Deal with OpenAI, Stock Target Raised to Street-High $410
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BTCCSquare news:
Broadcom's stock surge continues as Mizuho analyst Vijay Rakesh lifts the price target to $410, citing strong AI revenue potential. The semiconductor giant has become a linchpin in AI infrastructure, supplying critical components for custom XPUs. OpenAI's $10 billion chip order underscores Broadcom's strategic position in the AI ecosystem.
Rakesh maintains an Outperform rating, projecting 14% upside based on scaled AI portfolio opportunities through 2028. The analyst highlights Broadcom's unique capability in advanced packaging solutions - a bottleneck in AI hardware development that's driving premium pricing power.
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