Investors see Broadcom catching up to Nvidia as the next big AI play, Citi says

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• Broadcom is emerging as a strong AI stock pick, according to Citi.
• The bank said Broadcom is seeing an uptick in its AI business as it gains new customers like OpenAI and Bytedance.
• "We also believe there is some investor fatigue with NVDA," Citi said.

Broadcom is gaining ground on Nvidia as the next hot AI stock among investors, according to a Monday note from Citi.

The bank cited recent conversations...