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Morgan Stanley’s “increase” rating on “Huanzi Summit” defines it as the “core AI winner,” second only to NVIDIA

2026-07-16 04:44:37

Golden Finance reported that on July 15, in its latest research report released on Tuesday, Morgan Stanley reaffirmed its “Buy/Overweight” rating for Broadcom and maintained a $502 price target, clearly defining Broadcom as a “core AI winner” second only to Nvidia. The firm believes that market concerns that MediaTek will significantly erode Broadcom’s share in Google TPU business have been greatly exaggerated.

AVGO1.28%

NVDA0.33%

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