On July 11th, Rosenblatt Securities raised Broadcom's target price from $1650 to $2400, due to the development momentum of artificial intelligence infrastructure network/specialized integrated circuits and the improvement of collaborative effects of enterprise software. Broadcom plans to implement a 1-to-10 stock split after market close on July 12th. Analysts point out that investors continue to be enthusiastic about the competition between Broadcom's customized ASIC and Nvidia GPU, which is a comparison of 'apple vs. apple', as we believe that both will thrive.
大行评级｜Rosenblatt：上调博通目标价至2400美元 相信ASIC将蓬勃发展
Rating upgrade | Rosenblatt: Raises Broadcom's target price to $2400, Believes ASIC Will Flourish
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