Broadcom Inc. (NASDAQ:AVGO) is named one of the 11 best AI infrastructure stocks to buy now. Citi analyst Christopher Danely maintains a “Buy” rating on AVGO with a $415 price target. Jefferies raises AVGO’s price target to $480, citing the company’s AI ASIC business reaching a critical inflection point.

Jefferies highlights AVGO’s ASIC chips for AI workloads, expected to benefit from increasing demand from hyperscale customers. The firm notes substantial volume growth in 2026 as cloud providers expand AI infrastructure capacity. AVGO’s primary customer scales token processing capacity from 480 trillion to 1,300 trillion. Chip volumes expected to double from 1.5 million to 3 million units.

Broadcom announces collaboration with OpenAI to develop custom AI accelerators and deploy racks with networking solutions across data centers. AVGO focuses on designing and supplying semiconductor devices and infrastructure software solutions worldwide. While AVGO offers investment potential, other AI stocks may offer greater upside potential and less downside risk.

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Read more at Yahoo Finance: Citi Maintains “Buy” Rating on Broadcom (AVGO) with $415 PT