Morningstar identifies NVDA and AVGO as cheap stocks with strong moats in AI chip design and software.

Broadcom stock surged 5-6% on AI momentum, with Q2 AI revenue hitting $10.8B. Tokenized AVGO products on Ondo and Backed Finance bridge crypto and equities.

Morningstar identifies NVDA and AVGO as cheap stocks with strong moats in AI chip design and software.