Deutsche Bank Reiterates Buy on Broadcom (AVGO) as AI Momentum Builds

Broadcom Inc. (NASDAQ:AVGO) is one of the AI Stocks Analysts Are Tracking Closely. One of the biggest analyst calls on Monday, August 25, was for Broadcom. Deutsche Bank reiterated the stock as “Buy” stating that the stock is well positioned ahead of earnings in early September.

“Further, the company continues to expect an eventual cyclical turnaround in its core communications and networking businesses, albeit with that event likely in 2026. As such, we remain optimistic on the fundamental growth prospects for AVGO and maintain our Buy rating.”

Broadcom is a technology company uniquely positioned in the AI revolution owing to its custom chip offerings and networking assets.

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.

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