Erste Group Moves Broadcom (AVGO) to Hold

Broadcom Inc. (NASDAQ:AVGO) is one of the 15 Best NASDAQ 100 Stocks to Buy Other Than SpaceX.

On July 7, 2026, Erste Group analyst Hans Engel downgraded Broadcom Inc. (NASDAQ:AVGO) to Hold from Buy previously. Engel said both gross margin and operating margin are expected to remain stable at a high level, but Broadcom Inc. (NASDAQ:AVGO)’s high valuation already reflects much of the firm’s positive outlook on the shares.

On July 6, Broadcom Inc. (NASDAQ:AVGO) said in a regulatory filing that the company and Apple Inc. (NASDAQ:AAPL) have both agreed to expand their long-standing technology collaboration through the year 2031.

Erste Group Moves Broadcom (AVGO) to Hold

Broadcom Inc. (NASDAQ:AVGO) and Apple entered into new multi-year agreements for Broadcom to develop and supply custom ASIC silicon products for use in multiple generations of Apple products.

Broadcom Inc. (NASDAQ:AVGO) designs, develops, and supplies various semiconductor devices and infrastructure software solutions internationally.

While we acknowledge the risk and potential of AVGO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AVGO and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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