10 AI Headlines Making Waves Today

3. Broadcom Inc. (NASDAQ:AVGO)

Market Capitalization: $823.05 billion

Broadcom Inc. (NASDAQ:AVGO) is a technology company that designs, develops, and supplies semiconductor and infrastructure software solutions. It designs chips for companies that are building AI data centers.

On November 12, Citi analyst Christopher Danely noted that recent earnings saw semiconductor consensus estimates dropping by 11% while the SOX index, which measures semiconductor stocks, fell by 9%. The declines largely come from Microchip, NXP Semiconductors, and Intel; but the firm believes that the selloff is “almost over and attention will shift to 2025”. Citi further states that industrial market struggles will end sometime in the first half of 2025. Since 75% of semiconductor demand looks solid, investors should start investing more in them going into Q1. One of its Buy-rated names is Broadcom Inc. (NASDAQ:AVGO). Broadcom has also been deemed an important stock by Jefferies analysts, who expect outperformance from it later in 2025.