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Broadcom stock PT raised to $1550 at Susquehanna, citing AI and VMware potential By Investing.com

Broadcom stock PT raised to 50 at Susquehanna, citing AI and VMware potential By Investing.com



© Reuters.

On Wednesday, Susquehanna maintained a positive stance on Broadcom Limited (NASDAQ:), increasing the stock’s price target to $1,550 from $1,400. The firm anticipates that investor attention will be drawn toward the company’s AI networking and TPU (Tensor Processing Unit) advancements, as well as the ongoing integration of VMWare, which is expected to yield pricing and synergy benefits. Despite facing headwinds in core semiconductor areas, Broadcom is preparing to report…



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