11 Best Stocks To Invest In For Grandchildren

Page 5 of 11

7. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 130 

Broadcom Inc. (NASDAQ:AVGO) is a global technology firm that designs, develops, and supplies a range of semiconductors, enterprise software and security solutions. In January, the company launched its innovative Emulex Secure Fibre Channel Host Bus Adapters (HBA), setting a new industry standard. It is a cost-effective, easy-to-manage solution that encrypts all data as it moves between servers and storage. Jeff Hoogenboom, vice president and general manager of the Emulex Connectivity Division at Broadcom, stated that the Emulex Secure Host Bus Adapter would meet the needs by providing an elegantly simple solution that, once installed, encrypts all data across all applications. In the fourth quarter of 2024, the company achieved record semiconductor revenue of $30.1 billion, with $12.2 billion coming from AI. The 220% surge in AI revenue year-on-year was fueled by the company’s advanced AI XPUs and Ethernet networking solutions.

Page 5 of 11