Broadcom Inc. (NASDAQ:AVGO) is one of the top growth stocks in billionaire Philippe Laffont’s portfolio. On April 7, Mizuho reiterated its Outperform rating on Broadcom Inc. (NASDAQ:AVGO) and raised its price target to $480. The positive stance is in response to the extension of the company’s strategic partnership with Google and Anthropic.
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Under the terms of the agreement, Broadcom is to produce future versions of artificial intelligence chips for Google. It has also agreed to give Anthropic access to about 3.5 gigawatts of computing capacity, drawing on Google’s AI processors .
According to the analysts, the strategic partnership could result in cumulative revenue of more than $80 billion for Broadcom. The research firm also expects the company to pick $21 billion in AI revenue from Anthropic in 2026 and $42 billion in 2027.
Broadcom Inc. (NASDAQ:AVGO) is a global technology leader that designs, develops, and supplies a broad range of semiconductor and infrastructure software solutions. The company acts as a critical supplier to the technology industry, with products supporting data centers, networking, software, broadband, wireless, and storage markets.
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