Goldman Sachs Tech Stocks: Top 10 Stocks to Buy Now

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6. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 173

Broadcom Inc. (NASDAQ:AVGO) is one of the leading tech stocks held by Goldman Sachs, with a total portfolio value of $11.15 billion, making it one of Goldman Sachs top tech stocks to buy now.

Broadcom Inc. (NASDAQ:AVGO) just released its Q2 FY2026 results, and the company posted record total revenue of $22.2 billion, up 48% from a year ago. The Semiconductor segment accounted for a record $15 billion in total revenue, up 79% year-over-year. The major driver for the Semiconductor segment was AI semiconductors, which helped the segment achieve a record $10.8 billion in revenue, a remarkable 143% growth from a year ago. Bookings for AI semiconductors soared to more than $30 billion in Q2, compared with $10.8 billion shipped. This indicates a demand pipeline that now extends visibility beyond 2027.

The company’s commitments and deepened deals across all six core customers underpin CEO Hock Tan’s reiterated guidance of over $100 billion in AI semiconductor revenue for FY2027. This is almost double the $56 billion forecasted for FY2026. For Q3 FY2026, the company’s AI semiconductor revenue is expected to soar to $16 billion, representing over 200% year-over-year growth.

On June 3, TheFly reported that Jefferies analyst Blayne Curtis lifted the price target on Broadcom Inc. (NASDAQ:AVGO) from $500 to $550, maintaining its Buy rating following Q2 outcomes. Curtis emphasized that Broadcom’s operating margins should improve as AI revenue accelerates, despite mixed results and AI commentary limited to reiterating $100 billion in revenue guidance for FY2027.

Broadcom Inc. (NASDAQ:AVGO) is a technology company that specializes in semiconductor devices (through the Semiconductor Solutions segment) and infrastructure software solutions (through the Infrastructure Software segment).

While we acknowledge the potential of AVGO 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 AVGO and that has 100x upside potential, check out our report about this cheapest AI stock.

Click to continue reading and see the Top 5 Goldman Sachs Tech Stocks to Buy Now.

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