Broadcom (AVGO) was added to the prestigious Goldman Sachs US Conviction List, driven by the firm's assessment of its dominant position in AI networking and a substantial $20B non-accelerator AI backlog.
- Despite the positive analyst action, AVGO traded lower, closing at $343.47, a decline of 1.19% against a rising Nasdaq.
- Analysts project an upside of over 30% for 2026, following a significant 50% surge throughout 2025.