[BMO Bullish on Broadcom's AI Custom Chips Ahead of Earnings, Assigns 'Outperform' Rating] Odaily Planet Daily News – BMO Capital Markets has initiated coverage on Broadcom, assigning an 'Outperform' rating with a target price of $455. BMO analyst Harsh Kumar stated that Broadcom is a leading AI supplier in the custom ASIC and networking sectors and is the world's second-largest AI chip company after NVIDIA. Reportedly, Broadcom is in talks to raise over $60 billion through debt financing to fund AI chip projects for clients such as Anthropic. Blackstone and Apollo may participate, with the total financing amount potentially reaching $100 billion.