Investing in AI leaders could be a smart move.

The market's obsession with artificial intelligence (AI) isn't fading, and the technology could help reshape how businesses operate in the future. As such, it could be a smart move to invest in some of the top companies leading the AI charge.

Let's look at three red-hot growth stocks to buy this year.

1. Broadcom

Broadcom ( AVGO -0.00% ) is best known as a networking hardware company, but the bigger story is how it has become the go-to name for custom AI chips.

As companies try to save money on AI computing costs, more and more are turning to Broadcom to help them develop custom chips, called ASICs, that can reduce inference costs. While ASICs are non-programmable, and thus lack the flexibility of graphics processing units (G

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