Broadcom Inc. (AVGO) is a top AI stock according to analysts, with a price target raised to $350.00. Cantor Fitzgerald sees potential in Semiconductor Solutions, Google’s TPU v6, and Meta’s MTIA program. The company’s cyclical businesses are expected to recover in July, with stable infrastructure software.

The firm raised the price target on Broadcom based on a stronger outlook, anticipating potential high-volume Custom Silicon ramps and recovery in cyclical businesses. Custom Silicon revenues could reach $25-30B in CY26 and $40B+ in CY27. The company is uniquely positioned in the AI revolution.

While AVGO is promising, some AI stocks may offer greater upside potential and less downside risk. For an undervalued AI stock that could benefit from Trump-era tariffs and the onshoring trend, check out the best short-term AI stock report. Explore more AI stocks to watch on Wall Street.

Read more at Yahoo Finance: Broadcom (AVGO) Remains a Top Pick as Cantor Fitzgerald Lifts Price Target to $350