Broadcom Inc. (AVGO) has been a standout in the AI market, despite a recent correction. GMO Portfolio Manager Tom Hancock views it as a safe AI investment due to its diversification. Broadcom’s stock performance has been impressive, with a market cap of $1.6 trillion. Although its valuations are high, its strong financials and dividend growth make it an attractive choice. In the latest earnings report, Broadcom beat expectations, with a 28% revenue increase and significant growth in AI semiconductor revenue. Analysts maintain a “Strong Buy” rating with an average price target of $454, indicating further upside potential.

Read more at Barchart: Broadcom Stock Is Up 120% in the Past Year. This Analyst Thinks It Is One of the Highest-Quality Stocks to Buy for the Next Year Too.