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Investor's Business Daily

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Broadcom Stock Called 'Top Pick.' Here's Why.

Investor's Business Daily
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Broadcom is benefiting from AI-driven tailwinds for its networking and custom ASIC chip businesses.

Analyst Vijay Rakesh reiterated his outperform rating on Broadcom stock with a price target of 310.59 .

The company is making application-specific integrated circuits ( ASICs ) for artificial intelligence applications for Google , Facebook.