Cathie Wood Remains Bullish on Broadcom Amid AI and Datacenter Exposure

Broadcom Inc. (NASDAQ:AVGO) is 1 of the 10 Hottest Stocks to Buy successful 2026.

On January 23, Cathie Wood made different acquisition of Broadcom Inc. (NASDAQ: AVGO) shares, marking her 4th commercialized successful the semiconductor steadfast this month. Through her Ark Innovation ETF (ARKK) and Ark Next Generation Internet ETF (ARKW), Wood added 49,048 shares of AVGO valued astatine $15.96 cardinal connected January 23.

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Earlier, Wood purchased 32,408 shares of Broadcom connected January 20, 143,089 shares connected January 14, and 31,573 shares connected January 8. The seasoned capitalist made these trades arsenic AVGO shares dipped successful January. Year-to-date, Broadcom shares person declined astir 4.91%. ARKK and ARKW combined clasp a involvement valued astatine $82.60 million. AVGO was the astir targeted banal successful January connected Wood’s radar, showing her condemnation successful the company’s AI and datacenter vulnerability arsenic a semipermanent winner.

In different news, connected January 30, TheFly reported that Wolfe Research upgraded Broadcom Inc. (NASDAQ:AVGO) from Peer Perform to Outperform. Chris Caso astatine Wolfe Research has a $400 terms people connected AVGO.

Caso believes that Broadcom volition vessel 7nm tensor processing units by 2028, with precocious request and different projects creating optionality. The expert is bullish connected AVGO, expecting the institution to treble its AI gross successful 2027, generating $18 successful EPS. “We tin nary longer disregard Broadcom’s maturation and competitiveness successful tensor processing units,” Caso added.

Broadcom Inc. (NASDAQ:AVGO) develops and sells assorted semiconductor devices and infrastructure bundle solutions worldwide. The institution operates done 2 segments: Semiconductor Solutions and Infrastructure Software.

While we admit the imaginable of AVGO arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.