10 AI News Investors Shouldn’t Miss

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2. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 128

Broadcom Inc. (NASDAQ:AVGO) is a technology company known for its custom chip offerings and networking assets. With only a few trading days left this year, investment bank William Blair is bullish on some stocks that may be poised for major gains in 2025, as reported by CNBC on December 24. One of these stocks is Broadcom Inc. After all, Broadcom made it big by topping the $1 trillion in market cap for the first time on the back of the company’s fourth-quarter adjusted earnings beating expectations as well as CEO Hock Tan’s announcement that the company is developing custom artificial intelligence chips with three large cloud customers. With an Outperform rating, the firm anticipates “steady growth” with Broadcom’s existing partnerships and additional revenue from potential new customers such as ByteDance, OpenAI, and Apple.

“We see incremental room for expanding margins in 2025 as the company continues with its VMware integration and scales its custom chip business”.

-William Blair

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