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Analysts reboot Broadcom stock price target after earnings, bond sale

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Broadcom is launching what it describes as the industry’s first merchant silicon 50 G passive optical line terminal-optical network unit devices.

The semiconductor company said it planned to highlight its advancements in artificial intelligence at the 2024 Open Compute Project OCP Global Summit.

Last year , Broadcom completed its $61 billion acquisition of cloud software company.

On Oct. 2 , Broadcom said it had issued those senior notes. The proceeds will go to general purposes, including paying down existing debt. Related: The 10 best investing books, according to our stock market pros.