Latest Analyst Views on Coatue’s Favorite 33 AI Stocks

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8. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 161

Seaport Research analyst Jay Goldberg recently initiated coverage of Broadcom Inc. (NASDAQ:AVGO) with a Buy rating and $230 price target. Broadcom supplies semiconductor infrastructure software solutions. In an investor note, the analyst noted that Broadcom was one of the leading beneficiaries of the current AI spending boom, but its prospects were not well understood by the Street and not priced into the stock. Any time Nvidia loses share today it is to hyperscalers’ internal chip designs and Broadcom is poised to make a lot of money helping them bring those chips to production.

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