10 Trending AI Stocks on Wall Street’s Radar

4. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 156

Broadcom Inc. (NASDAQ:AVGO) is one of the 10 Trending AI Stocks on Wall Street’s Radar. On October 6, KeyBanc reiterated an Overweight rating and $420.00 price target on the stock. The rating affirmation comes ahead of the company’s fiscal fourth-quarter 2025 earnings report.

KeyBanc anticipates Broadcom to deliver higher results for the October quarter and provide stronger guidance for the January quarter. These positive results will be supported by strong artificial intelligence demand in networking and AI ASICs (application-specific integrated circuits).

It anticipates F4Q25 revenue of $17.5 billion and earnings per share of $1.87, slightly exceeding consensus estimates of $17.4 billion and $1.86, respectively. From Google’s TPU strength where the company is anticipated to maintain 100% market share through 2026, to the ramp of Meta’s AI ASIC, MTIA v2, several growth drivers seem to be working in favor of the stock.

The firm believes that investor attention will be focused on aspects such as the $10 billion in revenue associated with Broadcom’s fourth ASIC customer, AI outlook and ASIC backlog updated, and also potential additions to its XPU customer pipeline.

Broadcom is a technology company uniquely positioned in the AI revolution owing to its custom chip offerings and networking assets.