BMO Capital analyst Ambrish Srivastava keeps an Outperform rating and $1,000 price target on Broadcom after its Q4 results. The analyst notes that coming out of the quarter, its outlook for semis – excluding the “charged up” AI business – is a “little lower” than it had been modeling. BMO adds however that its bigger picture view on Broadcom is the introduction of the VMware franchise to the fold, which the firm believes can drive longer term cash and earnings accretion for the company.
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