By Rich Smith, The Motley Fool
Publication Date: 2026-03-23 15:57:00
Broadcom (NASDAQ: AVGO) stock surged 4.7% through 11:15 a.m. ET Monday after Bernstein analyst Stacy A. Rasgon published a bullish note on the artificial intelligence industry in general, and on Broadcom, and also Nvidia (NASDAQ: NVDA), in particular.
The analyst says Bernstein owns both stocks itself, and rates both Broadcom and Nvidia “outperform.”
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Since hitting highs late last year, artificial intelligence stocks have been in a bit of a funk. Broadcom itself topped $413 per share on Dec. 10, but is down 22% since, as investors worry that the AI hype might have gotten overblown.
Rasgon, however, has no such worries. “AI demand currently shows no signs of slowing,” says the analyst, and this is creating powerful…
