10 Hot AI Stocks to Watch 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 February 25, the company announced that its end-to-end PCIe Gen 6 portfolio is now available. It will also be allowing early access to its PCIe Gen 6 Interop Development Platform (IDP), extending its multi-generational PCIe leadership.

Broadcom, in collaboration with Micron and Teledyne LeCroy, has also successfully tested its high-port switch and retimer to empower open AI infrastructure solutions. PCIe 6 switches and retimers are crucial building blocks required to power advanced AI solutions. Broadcom’s announcement marks the transition from PCIe 5 to PCIe 6 at scale, reflecting upon the need for reliable components in next-generation AI systems.

“Broadcom’s commitment to the open ecosystem has strengthened over six generations and we are now pleased to offer our new PCIe Gen 6 products to early access customers. The transition from PCIe Gen 5 to Gen 6 has been monumental given the accelerated need for trusted and reliable building blocks in next-gen AI systems. Broadcom’s PCIe Gen 6 switch, retimer and IDP will empower our partners to successfully deploy open, scalable AI clusters”.

-Jas Tremblay, vice president and general manager, Data Center Solutions Group, Broadcom.