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00:03Broadcom stock stayed in focus on Friday as investors favored AI infrastructure companies
00:07amid a stronger, broader market, according to Benzinga. The stock continued to draw buyers
00:13on pullbacks despite a roughly 76% gain over the past year. Aletheia Capital reiterated its buy
00:20rating and raised its price target to $525 from $500, saying investors should focus on
00:26management's commentary around Google's TPU roadmap over the upcoming quarterly results.
00:32Catalyst Fund's CIO David Miller called Broadcom one of the strongest AI infrastructure plays,
00:38citing growth across custom AI chips, networking, and cloud software. Susquehanna, UBS, and TD Cowan
00:46also raised forecasts recently up to $500. Analyst's project adjusted earnings of $2.32 per share
00:54and revenue of $22.08 billion for the fiscal second quarter. Shares were up 1.44% at $432.71
01:03in pre-market trading, according to Benzinga ProData. For all things money, visit Benzinga.com.
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