Our Twist Take On Wall Street's New Sweetheart: Upgrading Broadcom To Buy
Portfolio Pulse from
Broadcom Inc. has been upgraded to a 'Buy' following its strong 4QFY24 earnings and positive outlook, driven by its unique position in AI custom ASIC. The stock has surged by 30% in the past month. However, potential risks include the loss of Apple's business in 2H25.
December 20, 2024 | 2:30 pm
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Broadcom Inc. has been upgraded to 'Buy' due to its strong 4QFY24 earnings and unique position in AI custom ASIC, leading to a 30% stock surge. However, the potential loss of Apple's business in 2H25 poses a risk.
Broadcom's strong earnings and unique position in AI custom ASIC have led to a significant stock price increase, justifying the upgrade to 'Buy'. However, the potential loss of a major customer like Apple in 2H25 could impact future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100