Broadcom gains attention for AI semiconductor potential

Broadcom Inc (NASDAQ:AVGO) is gaining attention as a key player in the artificial intelligence sector. Analysts expect strong results from the company, which could boost interest in AI semiconductors amid ongoing demand from U.S. cloud customers and government investments. The company is highlighted among the top stocks being watched by investors, with 128 hedge funds currently backing it. Analysts project a long-term market potential of $60 billion to $90 billion for Broadcom's custom accelerator chips and networking products. Market trends are shifting from growth stocks to value stocks, with concerns about economic slowdown affecting sectors like financials and consumer discretionary. Analysts note that this selloff may not be a typical market correction.