Erste Group Moves Broadcom (AVGO) to Hold
Yahoo Finance ·
Erste Group Moves Broadcom (AVGO) to Hold Jeff Lewis Thu, July 9, 2026 at 12:45 PM EDT 1 min read AVGO EBS.VI AAPL ^NDX SPCX Broadcom Inc. (NASDAQ:AVGO) is one of the 15 Best NASDAQ 100 Stocks to Buy Other Than SpaceX . On July 7, 2026, Erste Group analyst Hans Engel downgraded Broadcom Inc. (NASDAQ:AVGO) to Hold from Buy previously. Engel said both gross margin and operating margin are expected to remain stable at a high level, but Broadcom Inc. (NASDAQ:AVGO)'s high valuation already reflects much of the firm's positive outlook on the shares. On July 6, Broadcom Inc. (NASDAQ:AVGO) said in a regulatory filing that the company and Apple Inc. (NASDAQ:AAPL) have both agreed to expand their long-standing technology collaboration through the year 2031. Broadcom Inc. (NASDAQ:AVGO) and Apple entered into new multi-year agreements for Broadcom to develop and supply custom ASIC silicon products for use in multiple generations of Apple products. Broadcom Inc. (NASDAQ:AVGO) designs, develops, and supplies various semiconductor devices and infrastructure software solutions internationally. 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: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy . Disclosure: None. Follow Insider Monkey on Google News .
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