Seaport Joins Bullish Chorus on AVGO, Cites AI Edge and Tariff Resilience

Seaport Research analyst Jay Goldberg recently initiated coverage of Broadcom Inc. (NASDAQ:AVGO) with a Buy rating and $230 price target. Broadcom supplies semiconductor infrastructure software solutions. In an investor note, the analyst noted that Broadcom was one of the leading beneficiaries of the current AI spending boom, but its prospects were not well understood by the Street and not priced into the stock.

Any time Nvidia loses share today it is to hyperscalers’ internal chip designs and Broadcom is poised to make a lot of money helping them bring those chips to production, the analyst added.

A technician working at a magnified microscope, developing a new integrated circuit.

In addition to Seaport, other analysts are also bullish on Broadcom. For example, prominent investment advisory JP Morgan recently said in an investor note that as the cloud of tariffs looms over tech companies entering the earnings season, several semiconductor and semiconductor equipment companies stand out as top picks, including Broadcom.

While we acknowledge the potential of AVGO, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AVGO and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Most Important AI Companies You Should Pay Attention To and 30 Best AI Stocks to Buy According to Billionaires

Disclosure: None.