Top 10 AI Stocks Analysts Are Monitoring

4. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 161

Broadcom Inc. (NASDAQ:AVGO) is a technology company uniquely positioned in the AI revolution owing to its custom chip offerings and networking assets. On March 3rd, Reuters reported that chip designers Nvidia and Broadcom are running manufacturing tests with Intel, thereby demonstrating early confidence in Intel’s advanced production techniques.

These tests will determine whether the two companies will be committing hundreds of millions of dollars worth of manufacturing contracts to Intel. The two companies are testing Intel’s 18A manufacturing process, a series of technologies and techniques proficient at making advanced artificial intelligence processors and other complex chips. It’s important to note that these tests are ongoing and do not guarantee whether any manufacturing agreement will materialize.

“We don’t comment on specific customers but continue to see strong interest and engagement on Intel 18A across our ecosystem.”

– Intel spokesperson.