**Analyst Recommendations: Nvidia and Broadcom**
Jay Goldberg at Seaport Research has issued a sell rating on Nvidia (NASDAQ: NVDA) with a target price of $140 per share, suggesting a potential downside of 21%. He is concerned about Nvidia’s circular investments, including cloud service agreements worth $27 billion and equity investments totaling $40 billion in companies like Anthropic and OpenAI, which may artificially inflate demand for its GPUs.
In contrast, Goldberg recommends buying Broadcom (NASDAQ: AVGO), priced with a target of $430 per share, below the Wall Street consensus. Broadcom controls approximately 60% market share in custom AI accelerators and recently reported a 106% increase in AI semiconductor sales. Total revenue for Broadcom in the first quarter of 2023 reached $19.3 billion, up 29%, and earnings increased to $2.05 per diluted share, indicating solid momentum in their AI segment.
