Morningstar backs AVGO 2028 AI outlook despite 27% selloff
Broadcom (AVGO) stayed in focus after Morningstar said its 2028 guidance is credible, citing strengthening long-term AI demand through 2030 despite investor skepticism following a roughly 27% drop from June highs.
Broadcom (AVGO) remained in focus on Friday after Morningstar backed the chipmaker’s long-term AI outlook, saying its 2028 guidance is credible despite investor skepticism amid a sharp selloff over the past few months.Broadcom shares have fallen roughly 27% from their June highs, a decline Mornings…