18 Trending AI Stocks on Latest Analyst Ratings and News

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9. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 130

Broadcom Inc. (NASDAQ:AVGO) supplies semiconductor infrastructure software solutions. The earnings results of the firm are expected in the first week of September. For the third quarter, the chipmaker expects more than 14% year-on-year growth in normalized EPS, and over 15% year-on-year growth in revenue. These numbers are in most part driven by the integration of VMware, a cloud computing firm Broadcom bought last year, and the increasing demand for AI products. The AI segment remains a significant driver of the overall growth for the company, with expectations that AI-related revenues could top $10 billion this year, up from $4.2 billion in 2023. The firm has also initiated partnerships with major tech companies for custom AI chips.

Broadcom Inc. (NASDAQ:AVGO) is a Wall Street darling. Rosenblatt recently raised the price target on the stock to $240 from $165 and kept a Buy rating, underlining that the firm had rolled out fiscal 2026 estimates that support high-teens sales growth and $75 non-GAAP earnings per share, driven by continued artificial intelligence infrastructure networking momentum and improved synergies in enterprise software.

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