Broadcom Upgraded on AI Demand; Apple Analyst Sees iPhone Caution
Macquarie upgraded Broadcom (AVGO) on robust AI demand, forecasting significant compute buildout from Anthropic. Meanwhile, Keybanc reiterated an underweight rating on Apple (AAPL), suggesting the upcoming iPhone launch could be a negative catalyst.
• Macquarie upgraded Broadcom (N: ) to Outperform, citing strong demand from partners like Anthropic, which could drive significant revenue growth. • Keybanc reiterated an Underweight rating on Apple (N: ), suggesting investors monitor pricing strategies for the upcoming iPhone launch as a potential catalyst for stock performance.