Broadcom shares are trading higher, up 0.30% at $329.78, after TD Cowen reaffirmed its Buy rating and $450 price target, citing strong demand for AI chips.
- KeyBanc noted benefits from Broadcom's custom silicon offerings, anticipating continued strength into 2026 due to hyperscaler memory tightness.
- The stock is benefiting from overall semiconductor sector strength and reduced market volatility, supported by easing tariff concerns.