By Faheem Tahir
Publication Date: 2026-06-04 16:11:00
With strong hedge fund and Wall Street support, Broadcom Inc. (NASDAQ:AVGO) ranks among the best AI infrastructure stocks and has 8.6% upside potential.
Photo by Christian Wiediger on Unsplash
Broadcom Inc. (NASDAQ:AVGO) heads into its quarterly report with analysts expecting the company’s AI-driven growth to remain firmly intact.
On June 1, 2026, Morgan Stanley analyst Joseph Moore raised the firm’s price target on the stock to $485 from $470 and maintained an “Overweight” rating ahead of results scheduled after the market close on June 3, 2026. The firm expects Broadcom Inc. (NASDAQ:AVGO) to meet elevated investor expectations, supported by a strong ramp in both networking and application-specific integrated circuits (ASICs). Moore also said Broadcom is likely to retain a strong majority of the Tensor Processing Unit (TPU) business.
That view…
