Google plans to drop Broadcom as AI chip supplier by 2027
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/19/2026
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilities
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Wells Fargo Downgrades Netflix (NFLX) to Underweight on Engagement Risks, 'We see tougher choices ahead'
- Anthropic and Accenture partner on embedded AI safety evaluation
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- SanDisk stock rallies on AI optimism and Fed relief
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
