Morningstar Investment Management Cuts Broadcom Inc. Stake Sharply

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Morningstar Investment Management LLC, managed by Sara Kasun-Fretz, significantly reduced its stake in Broadcom Inc. (AVGO) by selling 10,528 shares. Despite recent stock volatility, analysts maintain a Strong Buy rating for Broadcom due to its strong position in the AI and data-center boom, particularly with custom AI ASICs and networking related to Google’s TPUs. TipRanks’ AI Analyst, Spark, rates AVGO as “Outperform” due to strong financial performance and an upbeat outlook, though it notes concerns about stretched valuation and mixed technical signals.

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