Goldman Sachs Reiterates Buy on Broadcom (AVGO), Calls It a Leader in AI Custom Compute

Broadcom Inc. (NASDAQ:AVGO) is one of the Hot AI Stocks to Keep on Your RadarOn October 9, Goldman Sachs reiterated the stock as “Buy.” Analyst Jim Schneider said that the stock is well positioned heading into earnings season.

“Jim continues to see AVGO as the leader in AI custom compute and merchant networking silicon.”

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

While we acknowledge the risk and potential of AVGO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AVGO and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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