10 AI Stocks Investors Are Watching Closely

3. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 156

Broadcom Inc. (NASDAQ:AVGO) is one of the 10 AI Stocks Investors Are Watching Closely. On October 3rd, Mizuho reiterated the stock as a “Top Pick.” The firm said the stock is on the top picks list.

“AVGO remains an industry leader with strong profitability…”

Following the October 3 reiteration, the firm once again reiterated an Outperform rating on the stock on October 6, with a price target of $410.00. The move came despite investor concerns about potential margin dilution.

Accelerating ASIC revenues and expanding customer engagement has led the firm to term the stock as the “King of AI Custom Silicon.” It recommends customers to buy the stock on the recent pullback.

Broadcom is a technology company uniquely positioned in the AI revolution owing to its custom chip offerings and networking assets.