10 Most Promising AI Stocks to Buy and Hold for the Next 2 Years

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6. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 173

Projected Long-Term EPS Growth (3-5 years CAGR): ~45.8%

Broadcom Inc. (NASDAQ:AVGO) is one of the Most Promising AI Stocks to Buy and Hold for the Next 2 Years.  On June 11, Timothy Arcuri of UBS was bullish on the company’s stock and maintained a “Buy” rating with a price objective of $485. That being said, the firm’s analyst opines that supply constraints might result in uncertainty around Google’s future roadmap. However, the analyst remains optimistic about Broadcom Inc. (NASDAQ:AVGO)’s long-term AI opportunity. The demand from OpenAI and Anthropic is robust, with both companies building out AI infrastructure, added Arcuri.

In a different update, Wolfe Research also remains optimistic. As per the firm, Apollo and Blackstone partnership is expected to aid future demand from OpenAI and Anthropic. That being said, the firm noted that some investors were disappointed after Broadcom Inc. (NASDAQ:AVGO) didn’t increase the outlook after the latest earnings report.

Broadcom Inc. (NASDAQ:AVGO) is engaged in designing, developing, and supplying various semiconductor devices and infrastructure software solutions.

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 Most Promising AI Stocks to Buy and Hold for the Next 2 Years.

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