Broadcom Inc. (NASDAQ:AVGO) is one of the most profitable US stocks to buy. They recently issued $4.5 billion in senior notes to fund general corporate operations and repay existing loans. An analyst reaffirmed an ‘Outperform’ rating with a price target of $475, citing Broadcom’s strong position in the ASIC market.

Despite concerns about competition in the AI market, Broadcom Inc. (NASDAQ:AVGO) is confident in its leadership position. The company, founded in 1961 and based in Palo Alto, California, specializes in semiconductor devices and infrastructure software solutions. Analysts believe Broadcom’s ASIC dominance remains secure.

While Broadcom Inc. (NASDAQ:AVGO) shows promise as an investment, some AI stocks may offer greater upside potential with less risk. Investors looking for undervalued AI stocks benefiting from Trump-era tariffs and onshoring trends can explore opportunities beyond AVGO. For more insights, check out the best short-term AI stock recommendations.

Read more at Yahoo Finance: Broadcom Issues $4.5B in Notes as AI Concerns Linger