Morgan Stanley Defends Broadcom Amid Competition Concerns
Morgan Stanley has defended chipmaker Broadcom against concerns over competition from MediaTek in the AI semiconductor market, reiterating a buy-equivalent rating and $502 price target. The analysts believe that while MediaTek's involvement with Google is real, it won't disrupt Broadcom’s dominant position as an AI hardware provider.
Topics: AI hardware Broadcom Google TPU chips MediaTek stock analysis