10 Best Stocks for Beginners with Little Money According to Hedge Funds

8. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 128

Broadcom Inc. (NASDAQ:AVGO) designs, develops, and supplies a broad range of semiconductor and infrastructure software solutions. The firm’s category-leading product portfolio caters to markets such as cloud, broadband, data center, storage, industrial, networking, wireless, and enterprise software. Broadcom is headquartered in Palo Alto, California.

The global infrastructure technology leader, Broadcom, is built on over 60 years of innovation, engineering excellence, and collaboration. Many of the largest companies including most of the Fortune 500 as well as government agencies rely on the firm’s software solutions to help manage and secure their on-premises and hybrid cloud environments, AI data centers, and private cloud infrastructure. Simultaneously, Broadcom differentiates itself through its high-performance design and integration capabilities and develops semiconductor products for target markets where it can earn attractive margins.

Financials remain robust for Broadcom as its fiscal year 2024 revenue climbed 44% year-over-year to a record $51.6 billion. While Semiconductor revenue was at a record $30.1 billion supported by AI revenue of $12.2 billion, infrastructure software revenue grew to $21.5 billion as a result of the integration of VMware. Based on its technology leadership, leading semiconductor and infrastructure software solutions, and an extensive portfolio of innovative and differentiated products, Broadcom Inc. (NASDAQ:AVGO) is in an attractive spot for the future.