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Broadcom’s Apple Deal and Analyst Divide | Durham News
Broadcom just locked in a $30B+ deal with Apple for chip supply through 2031—producing 15B+ chips in the U.S. and expanding its Colorado facility. But analyst Hans Engel downgraded it to “hold,” arguing the stock’s already priced for most upside. Still, the Apple partnership offers stability and a revenue floor, justifying a higher valuation. Most analysts remain bullish, citing Broadcom’s AI networking dominance and strong security pipeline. The real test? Upcoming earnings—if Broadcom keeps crushing it in AI, that “hold” rating will look foolish. If not? That lofty valuation could backfire…
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