Last mentioned: Mar 18, 2026
Rosenblatt Securities has reaffirmed its bullish stance on Broadcom, projecting that the company's AI-related chip revenue could surpass $100 billion by 2027. This optimistic outlook follows Q1 2026 earnings that met expectations and underscores Broadcom's pivotal role in the global AI infrastructure build-out.
Bank of Nova Scotia has executed a significant divestment of TELUS Corporation, selling over 5 million shares as part of a strategic portfolio rotation. The move coincides with the bank's increased exposure to global technology leaders, signaling a shift away from defensive Canadian dividend payers.
Institutional investors are showing mixed sentiment toward Broadcom (AVGO), with GF Fund Management significantly increasing its stake to make it a top-four holding. While some funds like BTC Capital and DDD Partners trimmed their positions, the semiconductor giant remains a core pillar of AI infrastructure and networking portfolios.