Mizuho analyst Vijay Rakesh raised the firm’s price target on Broadcom (AVGO) to $310 from $300 and keeps an Outperform rating on the shares. The company reported in-line April quarter results and July quarter guidance, the analyst tells investors in a research note. The firm believes Broadcom sees accelerating artificial intelligence inference demand in the second half of fiscal 2026 driving AI semis revenue up greater than 60% year-over-year in fiscal 2026.
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