Top 14 AI Stocks on Wall Street: News and Analyst Ratings

Page 7 of 13

7. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 128

Broadcom Inc. (NASDAQ:AVGO) is a technology company known for its custom chip offerings and networking assets. One of the biggest calls on Wall Street on Thursday, February 13, was for Broadcom. Morgan Stanley reiterated the stock as “Overweight”, stating that the stock is valued at $1.1 trillion but is backed by $3.2 billion in quarterly AI revenue.

“In the last six months, the momentum in the AI trade has clearly moved to custom silicon, as NVIDIA has tread water and AMD has sharply underperformed. NVIDIA’s $3 trillion of market cap is supported by over $32 bn of quarterly AI revenue while AVGOs’ $1.1 trillion comes from $3.2 bn of quarterly revenue.”

Analysts on Wall Street currently have a consensus Buy rating on the stock. The average price target of $250 implies a 7% upside, however, the Street-high target of $300 implies an upside of 28.6%.

Page 7 of 13