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<Research>G Sachs Keeps Buy on Broadcom; Quarterly Results Stellar
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Goldman Sachs has released a research report predicting that Broadcom (AVGO.US) will see its stock price, supported by the excellent performance of its AI semiconductors, rise mildly following the release of its strong quarterly results and market-beating guidance.

In line with upward revisions in capital expenditures by major AI clients, Broadcom's guidance for 2Q26 AI semiconductor revenue is 15% higher than market expectations, indicating continued growth in both XPU and networking businesses.

Related NewsISM Manufacturing PMI for Feb in United States is 52.4, lower than the previous value of 52.6. The forecast was 51.8.
Goldman Sachs has given Broadcom a Buy rating and a target price of USD450.
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