Is Broadcom Stock Going to $1,850? 1 Wall Street Analyst Firm Thinks So.

Broadcom (NASDAQ: AVGO) hasn't gotten as much attention as some other artificial intelligence (AI) stocks, but the company expects to see demand for chips ramp up due to the increase in generative AI-driven infrastructure.

Broadcom does a lot of things and it has been a prolific acquirer over its history, recently taking over VMware. Among its specialties are custom chips and networking chips. Both categories are likely to see a spike in demand from artificial intelligence, and at least one analyst seems to be taking notice.

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Source Fool.com