Broadcom Inc. is highlighted as one of the AI Stocks in Focus on Wall Street. Mizuho raised its price target on the stock to $430.00 from $410.00 while maintaining an Outperform rating following OpenAI’s custom ASIC partnership announcement. The collaboration involves 10 gigawatts of custom AI accelerators set to start in 2026, potentially worth $150-200 billion for Broadcom over multiple years. Initial production ramps for the custom chips are expected in the second half of 2026, with Mizuho predicting increased revenue estimates for Broadcom. The company’s networking business with SUE/Tomahawk products is also expected to provide additional tailwinds.

Read more at Yahoo Finance: Broadcom (AVGO) Price Target Raised on Massive OpenAI Custom Chip Partnership