Broadcom is a ‘core AI winner,’ even as MediaTek encroaches, Morgan Stanley says (AVGO:NASDAQ)


Broadcom headquarters in San Jose, California, United States

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Broadcom (AVGO) remains a “core” artificial intelligence winner, even as Taiwan-based MediaTek encroaches on its custom ASIC business via a deal with Google (GOOG) (GOOGL), Morgan Stanley said.

“We have been somewhat surprised by AVGO’s underperformance YTD, particularly given the continued



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