10 Best AI Enabler Stocks to Buy Now

8. Broadcom Inc. (NASDAQ:AVGO)

Broadcom Inc. (NASDAQ:AVGO) is one of the best AI enabler stocks to buy now.

The latest AI infrastructure angle came on May 11, when SDxCentral reported that Blackstone and Apollo Global Management were in talks with Broadcom Inc. (NASDAQ:AVGO) over a financing deal of about $35 billion to support the company’s AI chipmaking buildout. The report, citing Bloomberg, said the transaction could become one of the largest private credit deals ever, underscoring how capital-intensive the custom AI silicon race has become.

The financing talks fit a broader shift in Broadcom’s role in the AI supply chain. SDxCentral noted that Broadcom had recently secured sizable custom silicon deals with Meta and Google, while OpenAI has also been working with the company on custom accelerators after a deal signed last October. The report also said Anthropic was revealed as the mystery customer behind a $10 billion custom-chip deal, with the Google arrangement involving Anthropic tapping TPU capacity built by Broadcom and Google.

That makes Broadcom a strong AI enabler because it sits at the layer where major AI companies and hyperscalers are trying to secure custom compute capacity rather than just buy general-purpose accelerators off the shelf.

Broadcom Inc. (NASDAQ:AVGO) designs, develops, and supplies semiconductor and infrastructure software solutions, including custom AI accelerators, networking chips, broadband products, storage connectivity, wireless components, cybersecurity software, and private cloud infrastructure software.