Top 15 AI Stock News and Ratings Dominating Wall Street

2. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 128

Broadcom Inc. (NASDAQ:AVGO) provides custom chip offerings and networking assets. On December 10, Citi reiterated Broadcom as “Buy” and raised its price target on the stock to $205 per share from $175. The rating comes ahead of earnings later this week. The firm expects the company to achieve above-consensus results due to recovery in its non-AI semiconductor business. However, it also cautioned that Broadcom’s Q1 guidance “will be tempered” due to a seeming slowdown in orders from its leading AI customer Google. Meta, however, is likely to pick up the slack throughout 2025.

“We expect the company to report results above Consensus driven by a recovery in the non-AI semiconductor business with a better-than-feared gross margin outlook due to higher software mix.”