12 Hot AI Stocks on Wall Street’s Radar

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2. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 183

Broadcom Inc. (NASDAQ:AVGO) is one of the 12 Hot AI Stocks on Wall Street’s Radar. On December 9, Rosenblatt analyst Kevin Cassidy raised the firm’s price target on the stock to $440 from $400 and kept a “Buy” rating on the shares.

The rating affirmation, which comes as part of an earnings preview, reflects expectations for upside from strong TPU/XPU traction and infrastructure tailwinds. Rosenblatt believes that Broadcom will beat estimates driven by accelerating shipments of TPU and additional traction with XPU. It also anticipates revenue upside from the networking business as data center networks expand.

“Based on our increased estimates we are lifting our 12-month price target to $440 and maintain our Buy recommendation.”

The company is expected* to report earnings on 12/11/2025 after market close.

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

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