Broadcom Inc. (AVGO) is a top growth stock pick by Goldman Sachs, with Cathie Wood’s ARK ETF acquiring 24,205 shares valued at $7.87 million. UBS analyst projects Broadcom to ship 3.7 million Tensor Processing Units (TPUs) in 2026, growing to over 5 million in 2027 and generating $60 billion in AI revenue by 2026.

UBS predicts Broadcom’s AI revenue to hit $106 billion in 2027 and $150 billion by 2028, with the majority of shipments being TPU v8ax models. Broadcom is a semiconductor company designing custom chips and networking solutions for industries like cloud computing and telecommunications. Consider other AI stocks for higher potential returns.

Read more at Yahoo Finance: Broadcom (AVGO) Draws Investor Interest Amid AI Growth Expectations