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BMO Ranks Broadcom #2 in AI Chips | Raleigh News
BMO just slapped Broadcom with an “Outperform” rating and a $455 price target, positioning it as the 2 AI chip player behind Nvidia—thanks to its custom chips and networking gear that glue AI systems together. The timing? Perfect—right before earnings on Sept 2—and comes as Broadcom eyes a massive $60B+ raise to fund AI chip production for big clients. Analyst Harsh Kumar argues that even as giants like Google build their own chips, Broadcom’s systems are in higher demand now. But competition’s heating up: Marvell just expanded its Google deal. Margins are climbing thanks to VMware…
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