Zacks Equity Research highlighted Broadcom as a key 'quantum enabler' on January 20, 2026. The firm positioned Broadcom for a potential breakout.
Broadcom recently introduced the Brocade Gen 8 Fibre Channel portfolio. This portfolio features quantum-safe cryptography to protect data storage networks from future quantum decryption threats.
This analysis reinforces broader bullish analyst sentiment for the company. Strong demand in the artificial intelligence sector drives this trend. Citi and Wells Fargo reports were also positive, citing accelerating AI sales.
Separately, filings showed Eastern Bank reduced its Broadcom holdings by 2.6%. This reduction occurred during the third quarter.