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Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Analyst Sees Massive Potential in Broadcom (AVGO)’s AI Business

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
Summary
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78% Informative

Broadcom Inc (NASDAQ: AVGO ) continues to be a leader in the AI ASCI and networking chips market.

The company expects about $12 billion in AI revenue in fiscal 2024 , which means 20% of its total revenue from AI and will come from AI .

UBS believes the next decade will favor companies that use technology to disrupt industries.

Broadcom Inc. ranks 7th on our list of trending AI stocks to watch in November .

ClearBridge Large Cap Value Strategy says AVGO has an attractive risk/reward profile.

AVGO ranks seventh on our report about the cheapest AI stock that trades at less than 5 times its earnings.