10 AI Stocks in Focus Amid U.S. – China Tariff Pause

5. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 161

Broadcom Inc. (NASDAQ:AVGO) is a technology company uniquely positioned in the AI revolution owing to its custom chip offerings and networking assets. Chipmakers Nvidia (NVDA) and Broadcom (AVGO) each gained about 4% following the news of the tariff pause on Monday.

On May 11, both Broadcom and Nvidia were chosen by Bank of America Securities’ analysts as their “Top Picks” on the back of an anticipated surge in global AI capital expenditures in 2025. The firm noted that even though first-quarter global AI hyperscaler spending came in at $92.0 billion, slightly below expectations of $93.8 billion, many hyperscalers have appeared to have shown an intent to keep spending on AI in the coming quarters. This is despite concerns of slowing spending in the long run.