Broadcom shares closed slightly higher, recovering 0.80% after news of Alphabet's massive 2026 capital expenditure boost, while analysts maintained a Strong Buy rating despite the stock's recent sharp retreat from its 52-week high.
- Analysts maintain a Strong Buy rating, setting a price target of $453.77, representing a potential 47% upside.
- The positive outlook is supported by projections for AI revenue to surge 65% to $20 billion, alongside $73 billion in AI orders.
- Shares closed at $310.51 on the news, countering broader tech weakness.