Analyst: Broadcom (AVGO) 'Too Expensive' to Take Over Nvidia (NVDA)

Broadcom Inc. (AVGO) is highlighted as a stock to watch in September, with expectations of $6.2 billion in AI revenue for the fiscal fourth quarter, a 66% increase from last year. The company secured $10 billion in AI infrastructure orders, possibly from OpenAI, sparking investor enthusiasm.

Renaissance Large Cap Growth Strategy notes AVGO’s strong performance and growing AI exposure in their investor letter.