10 Buzzing AI Stocks on Latest News and Ratings

2. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 128

Broadcom Inc. (NASDAQ:AVGO) is a technology company known for its custom chip offerings and networking assets. On December 17, Goldman Sachs analyst Toshiya Hari reiterated a “Buy” rating on Broadcom with a price target of $240.00. The buy rating underscores Broadcom’s promising growth trajectory and strong market position. The company’s projected opportunities in the AI semiconductor market have increased proportionally.

Moreover, it has also scored new custom compute clients, reinforcing its leadership in AI Ethernet connectivity. The company also demonstrated that it manages its infrastructure software segment effectively, as evident by VMware’s operating margins. Due to these factors, Hari has increased the 12-month price target for the stock. The Semiconductor Solutions segment continues to perform well, particularly in networking revenue, bolstering the positive outlook. All in all, overall growth and strategic position in enabling next-generation AI technologies support the Buy rating for the stock.