Broadcom (AVGO) Bull Says Semiconductor Stocks Will 'Keep Seeing Immediate' AI Spending

By Yahoo! Finance   |   1 month ago
Broadcom (AVGO) Bull Says Semiconductor Stocks Will 'Keep Seeing Immediate' AI Spending

Deepwater's Doug Clinton highlighted the increasing demand for AI services, benefiting semiconductor companies like Broadcom Inc. Broadcom's specialization in ASICs positions it to excel as more companies seek custom chips to compete with Nvidia, potentially leading to significant growth in revenue and profits.

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