semiconductor / news / / Benzinga
Broadcom is trading in sync with the early bid in Technology, with the sector up 1.74% in premarket positioning.
Broadcom has secured a major custom AI chip deal with Anthropic and OpenAI beginning in 2027.
KEY POINTS
- Mizuho analyst expects Broadcom's VMware segment to reach $54 billion in annual free cash flow long-term.
- Despite 123.19% 12-month gains, Broadcom's RSI of 77.18 signals potential near-term overbought risk.
- Broadcom's valuation sits at a high P/E ratio of 81.9x, well above industry peers.
COMPANIES
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