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Broadcom Is Down Over 3 Months: One Wall Street Pro Sees 60%+ Gains Ahead

Summary by 24/7 Wall St.
Broadcom sat out the AI rally that sent its closest peers surging double digits, yet one major Wall Street desk just set a price target that would make it the biggest winner in the group by a wide margin.

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Long known only by the insiders, Broadcom has become one of the great winners of the wave of artificial intelligence (IA) thanks to its custom chips designed for the giants of technology. Very profitable and generous in dividends, the group nevertheless has a high valorization and a strong dependence on a few customers. Should we buy the Broadcom action? Is it necessary to buy the Broadcom action (AVGO) in 2026 ? appeared first on Cryptoast.

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Cryptoast broke the news on Tuesday, August 11, 2026.
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