11 Good Stocks to Invest in Now

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7. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 158

Broadcom Inc. (NASDAQ:AVGO) is one of the Good Stocks to Invest in Now. On July 30, Joseph Moore from Morgan Stanley raised the firm’s price target on Broadcom Inc. (NASDAQ:AVGO) from $270 to $338, while keeping an overweight rating on the stock.

The bullish sentiment is based on the company’s position in the AI semiconductor market. The firm believes that the increased enthusiasm for AI semiconductors is justified by the long-term strength of Broadcom Inc.’s (NASDAQ:AVGO) business. Morgan Stanley sees the company as one of the most uncontroversial names in the AI market. The firm has also raised price targets for AI-linked semiconductor companies in its coverage.

Broadcom Inc. (NASDAQ:AVGO) is an international technology company that designs and supplies a wide range of semiconductor chips.

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