Morgan Stanley Defends Broadcom's Position in Google TPU Market
Morgan Stanley analyst Joseph Moore defended Broadcom’s position in the artificial intelligence chip market, countering skepticism about MediaTek potentially taking over a significant portion of Google’s Tensor Processing Unit (TPU) business. The firm reiterated its positive outlook on Broadcom with a $502 price target and expects it to retain around 80% of TPU work for Google.
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Topics: AI chips Broadcom Google TPU MediaTek Morgan Stanley