35 Trending AI Stocks on Latest Analyst Ratings and News

Page 28 of 35

8. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 130

Broadcom Inc. (NASDAQ:AVGO) supplies semiconductor and infrastructure software solutions. Cantor Fitzgerald recently raised the price target on the stock to $225 from $200 and kept an Overweight rating on the shares into Q3 earnings season. The investment firm sees a tale of two classes in semis, those levered to the traditional semi cycle, and those levered to the secular AI story, the advisory told investors in a research note, adding that at the same time, the fundamental backdrop has deteriorated over the last three months, and the vision of an elongated cycle remains well intact. Broadcom is a favorite in AI, Cantor said.

Page 28 of 35