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Broadcom's earnings spotlight a growing shift from GPUs to custom AI chips. Here are some semiconductor ETFs that could benefit from the ASIC boom.
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Broadcom says OpenAI and Anthropic are consuming AI compute faster than expected, signaling accelerating infrastructure demand.
DA Davidson analyst Gil Luria maintains Broadcom (NASDAQ:AVGO) with a Neutral and raises the price target from $375 to $400.
TD Cowen analyst Joshua Buchalter reiterates Broadcom (NASDAQ:AVGO) with a Buy and maintains $500 price target.
Super Micro Computer (SMCI) stock falls over 7% premarket as tech investors rotate out of high-momentum AI infrastructure names.
Truist Securities analyst William Stein maintains Broadcom (NASDAQ:AVGO) with a Buy and raises the price target from $545 to $550.
RBC Capital analyst Mitch Steves maintains Broadcom (NASDAQ:AVGO) with a Sector Perform and raises the price target from $360 to $400.
Cantor Fitzgerald analyst C.J. Muse reiterates Broadcom (NASDAQ:AVGO) with a Overweight and maintains $525 price target.