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Altimeter Capital’s Brad Gerstner Slashes Broadcom Inc. Stake
Altimeter Capital Management, led by Brad Gerstner, significantly reduced its stake in Broadcom Inc. (AVGO) by selling 712,647 shares. Despite recent short-term volatility, Broadcom maintains a Strong Buy consensus among Wall Street analysts with a projected sizeable upside. TipRanks’ AI Analyst, Spark, rates AVGO as “Outperform” due to strong financials and AI growth, though it notes concerns about valuation and a mixed technical picture.