By Ghazal Ahmed
Publication Date: 2026-02-07 15:10:00
Broadcom Inc. (NASDAQ:AVGO) is one of the 10 AI Stocks to Keep on Your Radar. On February 5, Jefferies analyst Blayne Curtis reiterated a Buy rating on the stock with a $500.00 price target. The firm has reiterated AVGO as its Top Pick, feeling confident that its fundamentals will drive outperformance.
Jefferies highlighted two overhangs for Broadcom, including the sustainability of AI spend and COT distribution. However, Google’s capital expenditure guidance has been a “significant vote of confidence” for increasing AI spending, and so is the capital raising progress from other players including OpenAI, xAI, and Oracle.
Addressing concerns about Broadcom’s custom on-package (COT) business, Jefferies noted that AVGO is well ahead of MediaTek on v8 chips and will be “even further ahead” with v9 chips in both timing and capabilities.
AVGO and MTK are working on two different SKUs (AVGO v8ax and MTK v8x) and we believe most, if not all, of the demand will be…