Broadcom Bets Big On AI: Possible New Partnership With OpenAI Sparks Rally
1. AVGO shares rose on news of a potential partnership with OpenAI. 2. Analysts raised AVGO's price target, reflecting strong growth projections. 3. Broadcom's AI revenue showed 63% year-on-year growth in Q3. 4. New customer agreements may drive $10 billion additional revenue by 2026. 5. Management's guidance suggests accelerated growth due to AI demand.