Here's the AI Chip Stock That Hedge Funds Are Loading Up On

Hedge funds dramatically shifted their stance on Broadcom in September, flipping from shorting the stock in August to making it one of their most-held positions. The AI chipmaker's impressive Q3 earnings—with AI semiconductor revenue surging 221% year-over-year to $16.7 billion—drove the reversal. Despite concerns about valuation after a 59% annualized return over three years, analysts view Broadcom as attractive at current valuations with a forward P/E of 19 and strong growth projections through 2028.