10 Best Stocks to Buy and Hold For 2 Years

4. Broadcom Inc. (NASDAQ:AVGO)

3-Years Sales Growth: 24.14%

Number of Hedge Fund Holders: 161

Broadcom Inc. (NASDAQ:AVGO) is an international technology company that operates in semiconductor and infrastructure software solutions. Through its Semiconductor Segment, the company designs and sells chips for various industrial applications. On the other hand, through its Infrastructure segment, it provides enterprise software solutions for cloud management.

On March 27, Broadcom Inc. (NASDAQ:AVGO) announced its strategic partnership with Audi to deliver the automated VMware cloud software. The VMware cloud-powered Edge Cloud 4 Production is now active at Audi’s plant in Germany and will help manufacturers manage and maintain dedicated industrial PCs installed at the plant. Moreover, during the fiscal first quarter of 2025, Broadcom Inc. (NASDAQ:AVGO) grew its revenue by 25% year-over-year to reach $14.91 billion. Management noted that the growth was driven by a strong performance in both its segments. Looking ahead, the company expects the second quarter revenue to be around $14.9 billion, reflecting a 19% growth year-over-year. It is one of the best stocks to buy and hold for 2 years.

Renaissance Large Cap Growth Strategy stated the following regarding Broadcom Inc. (NASDAQ:AVGO) in its Q4 2024 investor letter:

“Broadcom Inc. (NASDAQ:AVGO) was another large contributor in the quarter after reporting solid operating results. The company presented an optimistic outlook, driven by its dominant position in artificial intelligence application-specific chipsets. In addition, the company should continue to benefit from its leading position in several end markets including data centers and cloud infrastructure, which have favorable secular growth trends. Broadcom is also seeing margin expansion and improved visibility, as the mix of software revenues increases, following the acquisition of VMWare.”