Broadcom execs say AI demand remains strong, to reinvest in AI growth opportunities rather than M&A: J.P. Morgan

3 hours ago 1
Broadcom headquarters in San Jose, California, United States

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J.P. Morgan reiterated its Overweight rating on Broadcom (NASDAQ:AVGO) after hosting an investor group meeting with the company's top executives, who noted that AI demand remains strong driven byinference, and they see non-AI businesses recovery and sustained VMware revenue growth.

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