Broadcom just got an upgrade before its earnings due next week. Oppenheimer analyst Rick Schafer reiterated his outperform rating and lifted his price target on Broadcom shares by $20 to $325 ahead of the chipmaker's earnings report on Sept. 4. His new target suggests shares could gain about 8.2% from Monday's close. Shares of Broadcom have gained about 29.5% this year driven by growth in AI-related revenue, strong customers for its hardware and ongoing market support for the tech sector. The analyst said Broadcom remains the "no. 2 AI franchise" after Nvidia , given its leadership in the AI ASIC, or Application-Specific Integrated Circuit, market. These custom-designed microchips are tailored towards AI tasks and are optimized for higher efficiency, speed and specialization. "We see upsid

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