10 AI Stocks Investors Are Watching Closely Right Now

4. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 161

Broadcom Inc. (NASDAQ:AVGO) is a technology company uniquely positioned in the AI revolution owing to its custom chip offerings and networking assets. On March 7, Analyst Fang Boon Foo of DBS maintained a “Buy” rating on the stock and retained the price target of $250.00. Broadcom has established itself as a market leader after its series of successful acquisitions, particularly VMware.

The company’s emphasis on high-performance design and integration allows it to capture above-industry margins, reinforced by strong execution in AI chips and software. Broadcom is also poised to gain from the rising AI chips demand, with management projecting significant revenue growth. The firm has further highlighted the stock as an attractive investment opportunity based on its strong financial performance, consistent free cash flows, and stable dividends to shareholders.