Wells Fargo Upgrade Boosts Broadcom Despite Premium 15.93 P/S Valuation and TSMC’s 37% Capex Hike
Broadcom trades at a 15.93 P/S multiple despite AI-driven revenue growth from partnerships, raising concerns over its premium valuation. The company stands to benefit from TSMC's plan to lift chip capacity with a 37% higher capex of $52–56 billion, while Wells Fargo’s recent upgrade spurred share gains.
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