10 Unrivaled Stocks to Buy for the Next Decade

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4. Broadcom (NASDAQ:AVGO)

Market Cap: $1.66 trillion

Average Upside Potential: 52%

Number of Hedge Fund Holders: 170

D.A. Davidson analyst Gil Luria upgraded Broadcom to Buy from Neutral on October 27 and set a $400 price target. He argues that Anthropic’s IPO filing shows the AI spending cycle is not over yet. Anthropic is Broadcom’s largest infrastructure partner, and Luria expects its IPO to go ahead, followed by an OpenAI offering next year, which would support Broadcom’s growth. He reads the filing as showing that Anthropic has ample cash and healthy margins.

He says the shares trade as though the odds of both offerings are near zero. At about 16 times 2027 earnings, they sit at a steep discount to the rest of the AI chip group.

Broadcom designs custom AI accelerators for the largest cloud companies, along with networking chips and infrastructure software. Its moat is the engineering relationships behind the custom chips, which are costly to replace. The risk is dependence on outside events. The upside hinges on Anthropic completing its listing and OpenAI raising money behind it, which ties growth to a handful of AI labs. Broadcom’s AI Revenue Surges 221%, But is Growth Becoming Too Dependent on AI Spending? takes up that dependence.

3. ASML (NASDAQ:ASML)

Market Cap: $596.36 billion

Average Upside Potential: 53%

Number of Hedge Fund Holders: 140

Customers want to place orders for 2029 and 2030, even as ASML says it cannot fully meet demand for 2027 and 2028. ASML is the only company that makes the extreme ultraviolet lithography machines used to print the most advanced chips. That monopoly is its moat, reinforced by service and upgrade revenue that its installed machines keep generating after the sale. Third-quarter net sales hit a record €11.7 billion.

UBS reiterated its Conviction Buy rating after the third-quarter report. The bank noted that operating profit ran about 5% ahead of consensus and that the midpoint of fourth-quarter guidance implied a beat of about 7%. It expects consensus earnings per share for 2027 and 2028 to rise by 5% to 10% as analysts catch up.

The stock is not cheap, though, and ASML’s sales depend on a few customers whose spending can swing with sentiment toward AI and data centers. That leaves investors weighing a sold-out outlook against how much of it the price already assumes. Our article ASML (ASML) Says It Cannot Meet Demand Until 2028. Is the Stock Priced for That? takes up that question.

2. Nvidia (NASDAQ:NVDA)

Market Cap: $4.20 trillion

Average Upside Potential: 90%

Number of Hedge Fund Holders: 285

A board investigation into Chief Executive Jensen Huang has put Nvidia in an unfamiliar spotlight. Directors announced on Sunday that they are examining whether Huang was the target of a foreign-intelligence effort, and he has admitted to an affair, Reuters reported. The shares fell sharply on Monday and Tuesday, and the board has said it has confidence in him.

Nvidia designs the GPUs that power AI workloads and the CUDA software developers build on. That ecosystem is the core of its moat. RBC Capital reiterated its Outperform rating with a $330 price target on November 9. The firm expects a revenue beat in the coming quarter on strong GPU rental prices and hyperscaler spending, and it calls a valuation of about 12 times 2027 earnings compelling.

Baird’s Tristan Gerra took the opposite view on Wednesday. He downgraded the shares to Neutral and cut his price target to $200, citing uncertainty over Huang’s tenure, government action and limited visibility into 2027 data center demand. Results are due next week. On margins, our piece Nvidia Is Becoming More Than a Chipmaker. Can it Sustain Its Exceptional Margins? asks whether they can hold as the company grows beyond chips.

1. Micron Technology (NASDAQ:MU)

Market Cap: $875.99 billion

Average Upside Potential: 110%

Number of Hedge Fund Holders: 184

Citi analyst Atif Malik reiterated a Buy rating on Micron with a $1,300 price target on October 29, after meetings with management. He argues that the market underestimates how long DRAM and high-bandwidth memory supply will stay tight, through 2027 and 2028. He also expects Micron’s supply agreements to improve its revenue visibility.

Micron is one of the few makers of DRAM and NAND memory, including the high-bandwidth memory that sits next to AI accelerators. Its moat is the cost of entry. A memory plant takes enormous capital and years of know-how, though the business is cyclical enough that some investors question whether it deserves the label at all.

The stock trades at about 5 times forward earnings, which suggests investors doubt the current margins will last. Risks include a labor dispute at Micron’s Taiwan plants, where workers want a bigger share of the profits and the fight has reached a construction site, and a data center slowdown after the midterms. The shares fell 17.5% a week ago in the broader chip rout. What Wall Street may be missing is the subject of Micron (MU) Is Trading at 5x Earnings Despite 87% Margins. What Is Wall Street Missing?

READ NEXT: Does Micron (MU) Have an Economic Moat at All? and Jim Cramer and Ken Fisher’s AI Pick: Microsoft (MSFT)

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