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Analyst resets Broadcom stock price target, citing AI strength

TheStreet
Summary
Nutrition label

88% Informative

Broadcom CEO Hock Tan has built a reputation for dealmaking that has transformed the chipmaker into a tech industry heavyweight.

Tan ’s M&A strategy has transformed Broadcom into a diversified tech company with balanced revenue.

Tan 's most ambitious attempt was his $117 billion bid in 2018 for Qualcomm , whose 5 G technology would have been a game-changer for Broadcom .