Morgan Stanley Reaffirms 'Overweight' Rating on Broadcom, Defines as Second Only to Nvidia in 'Core AI Winners'
On July 15, Morgan Stanley reiterated its 'Overweight' rating on Broadcom in its latest research report released on Tuesday, maintaining a target price of $502. The firm clearly defined Broadcom as the 'core AI winner' second only to Nvidia. The agency believes that concerns about MediaTek significantly encroaching on Broadcom's share in Google's TPU business are greatly exaggerated.
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