Apple Chip Risk to Broadcom Isn’t Material, Says Analyst

Bernstein is downplaying the potential threat to Broadcom from a latest report that claims Apple is seeking to substitute a few of the provider’s enterprise with an in-house design.

On Tuesday, analyst Stacy Rasgon reiterated his Outperform ranking on


Broadcom


inventory (ticker:


AVGO


) with a $675 value goal, citing the modest publicity to the chip maker’s related enterprise traces. Late the prior day, Bloomberg reported that


Apple


(


AAPL


) plans to replace Broadcom’s Wi-Fi and Bluetooth chips with an inner answer in 2025.

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