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Gladstone Capital Management Trims Broadcom Inc. Stake Sharply
Gladstone Capital Management, managed by David Gladstone, significantly reduced its stake in Broadcom Inc. (AVGO) by selling 76,846 shares. Despite recent volatility, Broadcom’s stock has seen substantial gains over the past year, and Wall Street maintains a “Strong Buy” consensus with price targets suggesting further upside. Spark, TipRanks’ AI Analyst, rates AVGO as “Outperform” due to strong financial performance and AI growth, though it notes valuation and technical concerns.