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We just covered the 10 Best Stocks to Buy According to Nancy Pelosi and Broadcom Inc. (NASDAQ:AVGO) ranks 8th on this list.

A financial disclosure report from last year shows that Nancy Pelosi exercised 200 CALL options on Broadcom Inc. (NASDAQ:AVGO) stock purchased back in June 2024 with a strike price of $80. The value of this transaction was worth somewhere between $1,000,000 and $5,000,000. The firm designs, develops, and supplies various semiconductor devices and infrastructure software solutions internationally. It offers networking connectivity, such as custom silicon solutions, ethernet switching & routing, ethernet NIC controllers, physical layer devices, and fiber optic components, as well as wireless device connectivity, including RF semiconductor devices, connectivity solutions, and custom touch controllers.

Broadcom Inc. (NASDAQ:AVGO) is becoming equally important as rival NVIDIA in the AI race as the focus of businesses shifts from buying off-the-shelf GPUs to building proprietary AI chips. Broadcom is the primary design partner for Google’s TPU, Meta’s MTIA, and now OpenAI’s new custom silicon. The chipmaker has an AI backlog exceeding $73 billion. Wall Street favors this because it provides a guaranteed growth runway through 2027, regardless of short-term market volatility. Recently disclosed orders from Anthropic, expected to hit 3GW of capacity by 2027, have added billions to the company’s long-term revenue projections. While AI provides the growth, the VMware acquisition by Broadcom is providing the stability investors crave.

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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