According to The Street, BMO Capital Markets initiated coverage of Broadcom on August 27, issuing an 'Outperform' rating with a $455 price target. Analyst Harsh Kumar cited Broadcom as a leading AI supplier in custom ASICs and networking, ranking as the world's second-largest AI chip company after Nvidia. Broadcom is in negotiations to raise over $60 billion through debt financing to fund AI chip supplies for customers including Anthropic. Potential investors such as BlackRock and Apollo may par