Top 10 AI Stocks Dominating Wall Street

3. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 128

Broadcom Inc. (NASDAQ:AVGO) is a technology company uniquely positioned in the AI revolution owing to its custom chip offerings and networking assets. On January 27, Bernstein kept an “Outperform” rating with a $220 price target on the stock. Regardless of DeepSeek intimidating Silicon Valley, the firm “continues to like” names such as Broadcom and Nvidia within U.S. Semiconductors. According to the firm, DeepSeek’s entry isn’t going to be a “doomsday” situation for AI buildouts playing out in the Twitterverse. The $5 billion figure that is being quoted was needed to develop DeepSeek’s AI assistant doesn’t reflect everything. The firm contended that the figure does not include all the other costs associated with previous research and experiments on architectures, algorithms, or data. Even if DeepSeek managed to cut these costs, as much as by 10 times, the current model cost trajectories’ increasing by about that much every year anyway “can’t continue forever”. As such, innovations like DeepSeek’s are positive if AI is to continue progressing.