$Broadcom(AVGO)$ Anthropic's IPO filing and a large bank-backed financing arrangement for Broadcom AI chips and networking gear, along with a D.A. Davidson upgrade, have renewed attention on the company's AI demand outlook. Broadcom is projecting its AI semiconductor revenue to reach $115 billion in fiscal year 2027 and double to $230 billion in fiscal year 2028. The valuation looks inexpensive at these levels, and I think $400+ could come fairly soon.
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