Broadcom Inc. (NASDAQ:AVGO) introduces industry’s first Wi-Fi 8 access point and switch solution for AI-ready enterprise networks. New platforms optimize AI acceleration and wireless networking. Wolfe Research upgrades AVGO to Outperform with a $400 price target, expecting AI revenue to double in 2027. AVGO is a leading technology company in semiconductor and infrastructure software products.

AVGO stock is considered a strong buy backed by robust cash flow and dividend growth. The company also announces an enterprise-grade switch platform for Wi-Fi 8 wireless networks. Wolfe Research upgrades AVGO to Outperform with a $400 price target, anticipating a doubling of AI revenue in 2027. AVGO specializes in semiconductor and infrastructure software products serving various markets.

Investors looking for undervalued AI stocks may find greater upside potential elsewhere. AVGO is a leading technology company but may face competition from other AI stocks. Explore opportunities in AI stocks that stand to benefit from Trump-era tariffs and the onshoring trend. AVGO is a multinational technology company specializing in various semiconductor and infrastructure software products.

Read more at Yahoo Finance: Where is Broadcom Inc. (AVGO) Headed?