Broadcom Inc.

Broadcom (AVGO) received a "buy" rating and $230 price target from Seaport Global Securities, highlighting the company's strong position in AI and core products [1]. Despite a recent stock decline attributed to market pressures and trade tensions [2], [8], [10], analysts are bullish on Broadcom's long-term prospects due to its strong fundamentals, AI expansion plans, and involvement with hyperscale clients [2], [4]. Broadcom's development of 2nm AI XPUs and the VMware acquisition are key growth drivers, although competition from NVIDIA and China's growing AI independence pose challenges [3], [4], [5]. A $10 billion buyback plan and positive analyst coverage signal confidence in the company's future [7].