Google expects no change in its relationship with AI chip supplier Broadcom
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/11/2026
- Wall Street ends higher as investors turn to earnings season
- Oil prices settle lower on hopes for smoother shipping in Strait of Hormuz
- The real reason Meta shares are surging has nothing to do with its new AI model
- Stifel lifts Shopify to Buy, sees agentic commerce as next growth catalyst
- Delta Air Lines stock climbs on earnings beat and strong guidance
- Almonty Industries (ALM) PT Raised to $33 at DA Davidson
- JPMorgan analysts name top short ideas for third quarter 2026
- The real reason Meta shares are surging has nothing to do with its new AI model
- AppLovin gains market share among e-commerce advertisers
- Wall Street ends higher as investors turn to earnings season
Wolfe Stays Sidelined on Broadcom Limited (AVGO), 'will serve to dilute AVGO's exposure to AI related revenue'
September 21, 2023 9:43 AM EDTWolfe Research analyst Chris Caso reiterated a Peerperform rating and {REMOVEPT} price target on Broadcom Limited (NASDAQ: AVGO)
The analyst comments "Net, we think this report will cause investors to question the multiple being applied to the Google business. In... More
Evercore ISI on Broadcom Limited (AVGO): ' we would recommend using weakness to build position'
September 21, 2023 9:42 AM EDTEvercore ISI analyst C.J. Muse reiterated an Outperform rating and $1,000.00 price target on Broadcom Limited (NASDAQ: AVGO).
The analyst comments "This morning, an article published by The Information claimed that Google is looking to replace AVGO as its custom ASIC supplier as early as 2027 in favor of in-house/MRVL driving the stock down 7% premarket. We note that Google is now on its 5th generation TPU working with AVGO and is the sole public customer within AVGOs offload-ASIC business (with revs of $2B+ in FY22 and $3B in FY23). To start, there has... More
