Goldman Sachs AI Stocks: 10 Stocks to Buy

6. Broadcom Inc. (NASDAQ:AVGO)

Percentage of Portfolio Holding: 1.39%

Portfolio Holding Value: $10.24 Billion

Number of Hedge Fund Holders: 156

Broadcom Inc. (NASDAQ:AVGO) is one of the best AI stocks to buy according to Goldman Sachs. On September 16, J.P. Morgan reiterated a Buy rating on Broadcom Inc. (NASDAQ:AVGO), keeping the price target at $400.

J.P. Morgan analyst Harlan Sur remains optimistic about AVGO following his discussion with Broadcom’s CFO Kirsten Spears. Sur is impressed with how strongly Broadcom is positioning itself in the AI-driven era. AI demand remains robust, and Broadcom is confident that each of its customer engagements could potentially scale to one million XPU AI clusters.

Sur pointed to Broadcom’s ambitious $120 billion AI revenue target by 2030, highlighting the company’s history of outpacing goals. He also noted the company’s momentum in product technology, with Broadcom on track to tape-out its first-generation 2nm/3.5D package AI XPU products in 2025 for a prospective customer. This achievement positions the company ahead of merchant GPU competitors as the clear technology leader.

As of September 23, Broadcom Inc. (NASDAQ:AVGO) average price target of $382.50, based on analysts’ estimates, implies an upside of almost 15.85% from current levels.

Broadcom Inc. (NASDAQ:AVGO) is a technology firm that designs, develops, and supplies a range of semiconductor, enterprise software, and security solutions. The company is a major AI infrastructure player, specializing in custom AI chips, networking, and optical interconnects.