Broadcom Inc. (NASDAQ: AVGO) is highlighted in the AI Stocks Hit with New Analyst Ratings. Citigroup reiterated the stock as “Buy” with a $315 price target, expecting strong results above Consensus. Sales are anticipated to exceed $15.8 billion in the fiscal third quarter, reflecting a 6% sequential gain.

Broadcom is set to report earnings after the closing bell on Sep. 4, with analysts expecting sales to surpass $17 billion in the fourth quarter. The company is strengthening ties with key customers like Meta, Google, and ByteDance, with management expecting significant growth in AI accelerator clusters by 2027.

Despite positive prospects, analysts note that Broadcom’s higher revenue from AI may impact gross margins. However, the wireless segment is expected to perform well, and the non-AI semiconductor business is on the road to recovery. Broadcom is uniquely positioned in the AI revolution with its custom chip offerings and networking assets.

Read more at Yahoo Finance: Broadcom (AVGO) Gets Fresh Buy Rating Ahead of Q3 Earnings