10 AI Stocks Investors Should Keep an Eye On

4. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 158

Broadcom Inc. (NASDAQ:AVGO) is one of the 10 AI Stocks Investors Should Keep an Eye On. On July 30, Morgan Stanley reiterated the stock as “Overweight” and raised its price target to $338 per share from $270.

According to the firm, the rising enthusiasm for AI semis is “justified by long term strength in the business.” Based on this enthusiasm, it raised targets across the board among its AI-linked semiconductors coverage.

“We think that the increase in enthusiasm for AI semis is justified by long term strength in the business, and raise targets across the board — though some near term constraints remain. PTs higher across the board, stay OW NVDA AVGO ALAB.”

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