Broadcom Inc. (NASDAQ: AVGO) is highlighted as one of the AI Stocks Investors Are Watching Closely. Analyst Vijay Rakesh raised the price target to $329.00, citing the Trump administration allowing Nvidia and others to ship AI GPUs to China, which could benefit Broadcom’s custom chip offerings.

The Trump administration’s decision to allow Nvidia and other AI Accelerator providers to resume AI GPU shipments to China is seen as a significant win for NVDA. This move could also potentially benefit Broadcom, with the possibility of its ASIC for ByteDance being back on the table. Analysts are raising estimates and price targets for NVDA, AMD, and AVGO due to China’s re-entry into the market.

Broadcom’s unique position in the AI revolution is attributed to its custom chip offerings and networking assets. While acknowledging its investment potential, some believe other AI stocks offer greater upside potential and lower downside risk. Investors seeking an undervalued AI stock with potential benefits from tariffs and onshoring trends can explore options in a free report.

For more insights on AI stocks, check out 10 Trending AI Stocks in Focus This Week and 10 AI Stocks Gaining Attention on Wall Street. Disclosure: None.

Read more at Yahoo Finance: Mizuho Turns Bullish on Broadcom (AVGO) as AI Opportunities Expand in China