30 AI News Investors Should Not Miss

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8. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 130

Broadcom Inc. (NASDAQ:AVGO) supplies semiconductor and infrastructure software solutions and also makes custom ASICs. The company was recently named on a list of Core stocks by investment advisory Wells Fargo. The Core group of stocks are high-quality, blue chip, industry-leading companies that can be long-term investment ideas, per the advisory. Broadcom Inc. (NASDAQ:AVGO) was named a Core stock in the information technology category, referenced with a dividend yield of 1.3% and consensus next-12-months EPS of $5.92. Wells Fargo analyst John Sheehan underlined in an investor note that the characteristics considered for the list included long-term revenue, earnings, dividend growth rates, and projected growth rates, as well as a company’s management team, return on invested capital, stock price volatility, and balance-sheet strength.

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