In this article, we are going to look at the 5 AI Stocks Making Headlines on Wall Street: Qualcomm, Microsoft, and More. For a longer list, you can go to 14 AI Stocks Making Headlines on Wall Street: Qualcomm, Microsoft, and More.
5. Broadcom Inc. (NASDAQ:AVGO)
Number of Hedge Fund Holders: 173
On June 2, HSBC analyst Frank Lee raised the price target on Broadcom Inc. (NASDAQ:AVGO) to $600.00 (from $450.00) while maintaining a Buy rating. The bullish case for Broadcom is based on its ASIC revenue growth, noting how concerns about losing Google’s business seem largely overdone.
Several major customer wins are anticipated to strengthen the company’s ASIC revenue momentum, particularly from the second half of F2026. Broadcom is set to supply Google’s TPU v7, which will likely carry a higher ASP than v6. Moreover, Meta is also ramping its ASIC, noted HSBC.
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Besides these names, Anthropic and OpenAI have also been added by AVGO under a multi-year GW deployment agreements, set to start in FY26 and FY27 respectively.
“Therefore, we expect momentum for ASIC revenue to start materially ramping through 2H FY26 into FY27 and beyond. We believe Broadcom has procured incremental CoWoS capacity from suppliers such as Amkor and ASE – we now estimate 260k wafers in FY26 and 480k wafers in FY27. Hence, we raise our FY26e/FY27e ASIC revenue to USD46.0bn/USD100.2bn, 23%/26% higher than the Street.”
HSBC also addressed some market concerns about the company losing Google’s TPU business in 2028. These concerns have been dismissed considering how both companies have a supply agreement that runs till 2031.
Broadcom is a technology company uniquely positioned for the AI revolution, thanks to its custom chip offerings and networking assets.
4. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Investors: 262
While investors continue to question the payoff from Big Tech spending, UBS sees one tech firm showing early signs of monetization. On June 4, UBS analyst Stephen Ju reiterated a Buy rating and $865.00 price target on Meta Platforms Inc. (NASDAQ: META).
Firm analysts believe that Meta is showing clear signs of GenAI chatbot monetization.
“At Conversations 2026, we saw clear signs that Meta is starting to monetize its GenAI-enabled “Business Agent” chatbot.”
Hosted by Meta, Conversations 2026 was a major global tech and business messaging conference held on June 3. UBS noted how Meta formally expanded the chatbot’s availability at the conference to businesses of all sizes globally and to Instagram.
Earlier, the chatbot was limited to beta testing, according to conversations with advertisers. It had also been available in some developing markets but larger markets were untapped.
This broader rollout is an implication that Meta’s GenAI investments can turn into meaningful revenue streams overtime.
“The showcase supports our view that Meta remains on track to deliver the largest of its five new GenAI revenue streams and should alleviate investor concerns about its ability to deliver ROIC on its GenAI CapEx.”
Analysts noted how investors already expect Meta to spend more on AI in 2027, but that these product launches could also create the potential for 2027 and beyond revenue to start lifting up.
3. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders: 265
One of the biggest analyst calls on Thursday, June 4, was for Alphabet Inc. (NASDAQ:GOOGL). Bank of America reiterated the stock as “Buy.” Analysts said that they are sticking with Alphabet following its capital raise earlier this week.
“We maintain our Buy rating. The Street expects 2027 capex of $241bn and $16bn in positive FCF, and in our view, additional raise could suggest higher capex in 2026 to meet additional demand, or 2027 capex at $270bn+.”
Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses.
2. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 275
Nvidia’s Computex 2026 has enabled it to deepen its AI growth story, but Deutsche Bank still maintains a cautious yet constructive view. On June 2nd, the investment firm reiterated a Hold rating on the stock with a $255 price target.
“Over the last two evenings, NVDA’s Jensen Huang hosted a keynote presentation and a follow-up analyst Q&A at Computex 2026. Similar to the company’s recent earnings call, this week’s events focused on NVDA’s holistic approach to AI, with the newest strategic target area being CPUs to further the company’s leadership in GPUs.”
Deutsche Bank noted how at Computex, Huang provided an update on the Vera Rubin ramp (7 chips, the successor to the co’s Grace Blackwell platform). Huang noted how the Vera Rubin is now in full production, and that its supply chain is nearly twice the size of the Grace Blackwell ramp based on “outsized” AI demand.
Another key part of Huang’s discussion was the Vera CPU, positioned for the age of agentic AI. Firm analysts also discussed the launch of the RTX Spark superchip in collaboration with Microsoft for their new line of Windows AI PCs.
NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.
1. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders: 282
Wall Street seems a bit skeptical about Microsoft Corporation (NASDAQ:MSFT)’s ability to develop its own frontier models and its dependence on third-party ones. However, Citizens is bullish on the stock, with analyst Patrick Walravens reiterating a Market Outperform rating on the stock and a $550.00 price target on June 2nd.
Firm analysts believe that Microsoft has an attractive opportunity for capital appreciation based on several reasons. For instance, the company is already working on its own frontier models, particularly its NVIDIA collaboration on RTX spark which is a big step forward toward competitive on-device AI offering.
The second reason quoted by the analysts has been CEO Satya Nadella laying out a compelling and differentiated vision of AI sovereignty where companies use artificial intelligence to improve knowledge creation continuously and capture tacit knowledge.
In order to support this vision, Microsoft has been building an end-to-end AI tech stack, with the integrated stack consisting of intelligence and trust as its two main factors.
The fourth reason, the firm opines, is that the company targets a significant TAM estimated to be $5.1T by year 2030. The company’s financial profile also seems attractive, while its steady leadership under Nadella remains another key strength.
Microsoft continues to have a very attractive financial profile with revenue growth accelerating to 17% in FY26 from 15% in FY25 and operating margin expanding to 47% in FY26 from 46% in FY25; and 6) we like the steady leadership of CEO Satya Nadella, complemented by the financial acumen and control of CFO Amy Hood.
Microsoft Corporation (NASDAQ:MSFT) is a global technology company that develops and sells a wide range of software, cloud services, devices, and business solutions, serving both individual users and enterprise customers worldwide.
While we acknowledge the potential of MSFT 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 MSFT and that has 100x upside potential, check out our report about the cheapest AI stock.
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