November was a challenging month for stocks, as macroeconomic concerns and concerns about an AI bubble weighed on prices. Most S&P 500 NYSEARCA: SPY stocks moved lower, but there is good news.
Broadcom is benefiting from explosive demand for artificial intelligence infrastructure. Microsoft's cloud business is serving as the digital backbone of leading organizations.
Blayne Curtis at Jefferies expects 29% upside in Broadcom stock, while Scott Devitt at Wedbush expects 47% upside in Meta Platforms stock. Broadcom is the market leader in custom artificial intelligence (AI) accelerators, and Wall Street analysts expect earnings to increase rapidly over the next three years Meta Platforms' AI investments are paying off despite the market's concern, and the post...
Broadcom Inc. is benefiting from bullish AI sentiment, especially as a key supplier for Google and OpenAI in the AI chip race. AVGO's Q3 results showed strong revenue and profit growth, with robust guidance and a growing AI pipeline supporting long-term earnings potential. Despite positive fundamentals and AI tailwinds, I maintain a hold rating due to premium valuation and mixed technical signa...
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