Wolfe’s $400 call keeps AVGO in play heading into Monday
New York, February 1, 2026, 09:57 EST — The market has closed.
- Broadcom closed Friday with a small gain after Wolfe Research upgraded the stock, citing strong demand for Alphabet TPUs.
- Attention has shifted back to VMware-related channel changes following a report highlighting partner non-renewals and a looming March 31 deal cutoff.
Broadcom (AVGO.O) closed Friday just 0.2% higher at $331.30 following an upgrade from Wolfe Research’s Chris Caso, who raised the stock to a buy rating with a $400 target. Caso highlighted the rising importance of TPUs—Alphabet’s custom AI chips—saying, “We can no longer ignore the growth and strength” of the technology. (TipRanks)
This matters now as investors scramble…
