10 Best Stocks For Beginners to Buy Now

Page 4 of 4

6. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 173

Broadcom Inc. (NASDAQ:AVGO) is one of the best stocks for beginners to buy now. On June 24, OpenAI and Broadcom introduced “Jalapeño,” a custom AI accelerator designed specifically for LLM inference. Developed in nine months, the processor is built from the ground up to optimize memory movement, networking, and compute resources. Early testing indicates that the chip will deliver significantly better performance-per-watt than current state-of-the-art alternatives.

This initiative marks a shift in OpenAI’s infrastructure strategy, moving toward a full-stack approach that integrates product development with custom hardware. By designing the architecture based on their own deep understanding of LLM kernels and future model requirements, OpenAI aims to make AI faster, more reliable, and more affordable. The project also utilized AI models to accelerate the chip’s own design and optimization process.

Jalapeño serves as the first entry in a multi-generation compute roadmap. The companies plan to deploy the processors at a gigawatt scale starting later in 2026.

Broadcom Inc. (NASDAQ:AVGO) is a technology company that specializes in semiconductor devices (through the Semiconductor Solutions segment) and infrastructure software solutions (through the Infrastructure Software segment).

While we acknowledge the potential of AVGO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AVGO and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Stocks For Beginners to Buy Now.

Disclosure: None. None. Follow Insider Monkey on Google News.

Page 4 of 4
1281292 - 11759070 - 1