Broadcom Inc. (AVGO) Price Target Raised to $225 by Cantor Fitzgerald, Seen as AI Sector Favorite Amid Challenging Semiconductor Market
We recently compiled a list of the 35 Trending AI Stocks on Latest Analyst Ratings and News. In this article, we are going to take a look at where Broadcom Inc. (NASDAQ:AVGO) stands against the other trending AI stocks.
As the earnings season unfolds, investors are eager to see how artificial intelligence (AI) investments among S&P 500 companies are yielding results. Analysts anticipate profit growth to decelerate, with S&P 500 earnings projected to rise by 5.3% compared to the same quarter last year, down from a 13.2% increase in the second quarter, per a report by news agency Reuters. The technology and communication services sectors are expected to show the strongest year-over-year growth, with technology earnings forecasted to…
