BMO Capital Markets has started covering Broadcom with an 'Outperform' rating and a target price of $455. Analysts point out that Broadcom is a leading AI supplier in the custom ASIC and networking sectors, ranking as the world's second-largest AI chip company. Currently, Broadcom is in talks to raise over $60 billion through debt financing to support AI chip funding for clients such as Anthropic, with Blackstone and Apollo potentially participating. The final funding amount could reach up to $100 billion.