10 Hottest Stocks to Buy in 2026

3. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 183 

Broadcom Inc. (NASDAQ:AVGO) is one of the hottest stocks to buy in 2026.

On January 23, Cathie Wood made another purchase of Broadcom Inc. (NASDAQ: AVGO) shares, marking her fourth trade in the semiconductor firm this month. Through her Ark Innovation ETF (ARKK) and Ark Next Generation Internet ETF (ARKW), Wood added 49,048 shares of AVGO valued at $15.96 million on January 23.

Earlier, Wood purchased 32,408 shares of Broadcom on January 20, 143,089 shares on January 14, and 31,573 shares on January 8. The veteran investor made these trades as AVGO shares dipped in January. Year-to-date, Broadcom shares have declined nearly 4.91%. ARKK and ARKW combined hold a stake valued at $82.60 million. AVGO was the most targeted stock in January on Wood’s radar, showing her conviction in the company’s AI and datacenter exposure as a long-term winner.

In other news, on January 30, TheFly reported that Wolfe Research upgraded Broadcom Inc. (NASDAQ:AVGO) from Peer Perform to Outperform. Chris Caso at Wolfe Research has a $400 price target on AVGO.

Caso believes that Broadcom will ship 7nm tensor processing units by 2028, with high demand and other projects creating optionality. The analyst is bullish on AVGO, expecting the company to double its AI revenue in 2027, generating $18 in EPS. “We can no longer ignore Broadcom’s growth and competitiveness in tensor processing units,” Caso added.

Broadcom Inc. (NASDAQ:AVGO) develops and sells various semiconductor devices and infrastructure software solutions worldwide. The company operates through two segments: Semiconductor Solutions and Infrastructure Software.