Broadcom (AVGO) Upgraded Amid AI and Semiconductor Prospects

Key Insights:

• Daiwa upgrades Broadcom Inc. (AVGO, Financial) to “Buy,” citing robust growth and strategic acquisitions.
• The company’s $10 billion share buyback indicates strong financial health.
• Potential risks include new tariffs and market dynamics in AI.

Broadcom’s Upgraded Outlook

Broadcom Inc. (AVGO) has received a significant endorsement from Daiwa, which has upgraded the company’s rating to “Buy.” This positive shift highlights Broadcom’s substantial growth potential within its…