Mizuho Lifts Broadcom (AVGO) PT, Keeps Outperform Rating

Broadcom Inc. (NASDAQ:AVGO) is one of the 12 Most Owned Stocks by Hedge Funds So Far in 2025. On July 15, Mizuho increased its price target for Broadcom Inc. (NASDAQ:AVGO) from $315 to $329 and kept an “Outperform” rating.

This decision came after the Trump administration announced, as part of ongoing trade talks, that NVIDIA and other AI accelerator companies could resume shipping AI GPUs to China.

Mizuho highlighted that this development could put Broadcom Inc.’s (NASDAQ:AVGO) ASIC “back on the table” for ByteDance, which could lead to higher earnings. The research firm believes that US companies are re-entering a market worth about $50 billion.

Broadcom Inc. (NASDAQ:AVGO) is an American multinational technology company that designs, develops, and supplies a wide range of semiconductor, enterprise software, and security solutions.

While we acknowledge the potential of AVGO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.