10 Buzzing AI Stocks Making Headlines

2. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 128

Broadcom Inc. (NASDAQ:AVGO) is a technology company that provides custom chips for AI applications. On December 5, the company announced a new chip packaging technology developed by its custom chip unit which makes AI processors for cloud providers. The technology aims to enhance semiconductor speeds considering the swelling demand for generative artificial intelligence infrastructure. The technology, 3.5D XDSiP (short for eXtreme Dimension System in Package), will enable custom-chip customers to increase the amount of memory inside each packaged chip and enhance performance by directly connecting critical components.

“Broadcom’s 3.5D platform enables chip designers to pair the right fabrication processes for each component while shrinking the interposer and package size, leading to significant improvements in performance, efficiency and cost”.

-Frank Ostojic, senior vice president and general manager of Broadcom’s ASIC Products Division.