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 Radar. On 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 potential of AVGO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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