Broadcom Inc. (AVGO) Unveils Tomahawk Ultra to Power Next-Gen AI Data Centers

We recently compiled a list of the 10 Best Strong Buy Tech Stocks to Buy. Broadcom Inc. stands fourth on our list.

Broadcom Inc. (NASDAQ:AVGO), a global leader in semiconductors and infrastructure software, is gaining momentum amid rising demand for AI and cloud technologies. The company recently introduced its Tomahawk Ultra Ethernet switch, designed to power high-performance computing (HPC) and AI workloads in modern data centers. This move reinforces the company’s commitment to supporting next-generation AI infrastructure through advanced networking and custom ASIC chip solutions.

Riding the wave of AI-driven growth, Broadcom Inc. (NASDAQ:AVGO)’s stock has reached new 52-week highs, with several major analysts upgrading their price targets. UBS Group and Bank of America raised it to $300, while Mizuho Securities named Broadcom a top semiconductor pick, citing the “ramp-up of AI ASICs” as a key growth catalyst for 2025.

In addition to product innovation, Broadcom Inc. (NASDAQ:AVGO) is making strong financial moves. The company announced a $10 billion share repurchase program and declared a $0.59 quarterly dividend, signaling confidence in its long-term growth and shareholder value.

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