35 Trending AI Stocks on Latest News and Analyst Ratings

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8. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 130

Broadcom Inc. (NASDAQ:AVGO) supplies semiconductor and infrastructure software solutions. The firm is advancing its AI infrastructure vision through open standards, scalability, and power-efficient solutions. At the 2024 Open Compute Project Global Summit, Broadcom will showcase innovations like the Tomahawk 5 and Jericho3-AI Ethernet switches for AI/ML workloads, and the Trident4-X11 switch to connect AI fabrics. Other highlights include the world’s first 51.2 Tbps CPO Ethernet switch, 400G PCIe Gen 5.0 Ethernet adapters, PCIe Gen 5.0 switches, and PCI Express Gen5/Gen6 retimers, all designed for enhanced AI cluster connectivity and efficiency.

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