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Goldman Sachs resets Broadcom stock forecast
Key takeaways
- The company positioned itself as a major player in enterprise infrastructure software following its 2023 acquisition of VMware.
- The stock has gained 22.64% in the past month, according to Yahoo Finance at the time of writing, Saturday morning, May 9.
- Broadcom’s rally started with the company’s extension of its partnerships with Google and Anthropic on April 6.
Goldman Sachs resets Broadcom stock forecast Vuk Zdinjak Mon, May 11, 2026 at 1:33 AM GMT+7 4 min read AVGO ^GSPC META INTC GOOG Broadcom (AVGO) is a semiconductor giant with a vast product portfolio spanning wired infrastructure, wireless communications, enterprise storage, and industrial end markets.
The company positioned itself as a major player in enterprise infrastructure software following its 2023 acquisition of VMware.
The stock has gained 22.64% in the past month, according to Yahoo Finance at the time of writing, Saturday morning, May 9. Meanwhile, the SPDR S&P 500 index (SPY) is up 9.11% in the same period.
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