Broadcom’s AI Boom: Citi Sets $220 Target as Revenue and Dividends Soar

Broadcom (NASDAQ:AVGO) just dropped the kind of news that makes investors sit up and take notice. While U.S. export restrictions on AI chips to China might rattle others, Broadcom is shrugging it off. Citi analysts note potential risks tied to Bytedance, a key customer projected to bring in $2$3 billion in 2025 sales. But here’s the kicker: AI-heavyweights like Google (GOOGL) and Meta (NASDAQ:META) are set to pump $10 billion into Broadcom’s ASIC sales next year. Throw in booming demand…