10 AI Stocks in the News Today

7. 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. One of the biggest analyst calls on Monday, May 5th, was for Broadcom Inc. Melius reiterated stocks such as Broadcom, Nvidia, IBM, and Microsoft as “Buy,” stating that the firm is standing by a slew of tech stocks.

Even though earnings for Nvidia and Broadcom are weeks away, quite a few analysts are now happy that Big Tech companies are continuing to spend billions of dollars on developing artificial intelligence. In particular, Melius Research analysts said that they are “relieved” after the March-quarter earnings that have come out so far since capital expenditures from hyperscale companies were “unwavering, which underpins any investment case for so many stocks we cover.”

“We are reiterating our buy ratings on Microsoft, Nvidia, Broadcom and IBM. We think Apple will eventually get through the tariff noise and revamp its iPhone line-up. However, a reacceleration in services is what it is really needed to get the stock going.”