10 Stocks to Watch as Top Analyst Predicts AI Surge Will Continue Despite Bubble Worries

2. Broadcom Inc (NASDAQ:AVGO)

Number of Hedge Fund Investors: 156

Harsh Kumar from Piper Sandler discussed Broadcom Inc (NASDAQ:AVGO) results in December 2024 and made some bullish comments about the company. The analyst at the time said investors should be comfortable based on the company’s strong visibility through 2027 and rising CapEx in the industry. He said a surge in CapEx would be able to offset operating expenses in the industry amid rising use cases of AI tools.

“The most important thing in the earnings call was the visibility that Hock Tan, the CEO of Broadcom, provided through 2027. So what you have effectively is, a month ago, Nvidia came out and talked about a very good prospect for 2025. A week ago, you had Marvell come out and talk about very good prospects through 2025 into 2026. And now you have Hawan coming out, or Broadcom coming out, and talking about extremely good prospects through 2027, with capex rising. You know, he’s talking about a SAM number that’s potentially rising 400–300%, and that makes investors feel extremely comfortable about the AI cap expansion, and that’s what’s going on here.”

Broadcom Inc (NASDAQ:AVGO) is up 48% so far this year.

Columbia Threadneedle Global Technology Growth Strategy stated the following regarding Broadcom Inc. (NASDAQ:AVGO) in its second quarter 2025 investor letter:

“Shares of fellow semiconductor giant Broadcom Inc. (NASDAQ:AVGO) also outperformed during the quarter, as customer demand for the company’s custom accelerator chips remained insatiable despite the uncertain economic environment. The company is on pace for 10 consecutive quarters of AI-related semiconductor growth and expects continued strong demand persist, due to the sizable AI opportunity. In addition to its dominant market position, the company’s history of strong capital returns to shareholders results in a favorable outlook for a sizable investor base.”