35 AI News and Ratings You Should Not Miss

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8. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 130

Broadcom Inc. (NASDAQ:AVGO) is an American multinational designer, developer, manufacturer, and global supplier of a wide range of semiconductor and infrastructure software products. Susquehanna on October 21 released an investor note on the semi industry, noting that companies with an artificial intelligence focus continued to thrive, while semiconductor stocks with heavy auto/industrial exposure faced headwinds. Susquehanna analysts, led by Chris Rolland, claimed that AI-focused semis appeared to be in good shape, as Susquehanna expected hyperscale and data center capital expenditures to continue to climb. With reference to Broadcom, the analysts pointed out that the bar had been raised for most AI stocks as prior AI guidance would likely need to be raised to support stock prices.

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