BMO Gives Broadcom an 'Outperform' Rating with a Target Price of $455
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BMO Capital Markets has initiated coverage on Broadcom, assigning it an 'Outperform' rating with a target price of $455. BMO analyst Harsh Kumar stated that Broadcom is a leading AI supplier in the custom ASIC and networking sectors and is the second-largest AI chip company globally, following Nvidia. Broadcom is in discussions to raise over $60 billion through debt financing to provide AI chip financing for clients such as Anthropic, with Blackstone and Apollo potentially involved, and the total financing amount could reach $100 billion.
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