Broadcom (AVGO) received a strong endorsement from Citi, which maintained a Buy rating and set a $480 price target, citing the company's accelerating role in the Artificial Intelligence sector.
- Cathie Wood’s ARK Investment Management disclosed the purchase of 143,000 shares of AVGO on January 17, 2026, indicating institutional conviction in the chipmaker.
- The stock recovered 2.53% on January 16, bouncing back from earlier geopolitical and margin concerns.