30 Best Stocks To Invest In According to Billionaires

8. Broadcom Inc. (NASDAQ:AVGO)

No. of Billionaire Investors: 25

Total Value of Billionaire Holdings: $14.46 Billion

Broadcom Inc. (NASDAQ:AVGO) is a technology company uniquely positioned in the AI revolution owing to its custom chip offerings and networking assets. Jefferies and Barclays have both named it their top picks in the AI chip industry for 2025.

Jefferies has highlighted Broadcom Inc.’s (NASDAQ:AVGO) rapidly growing AI chip market and robust customer base. Analysts at Jefferies have set a price target of $300 for AVGO shares, while Barclays has set a price target of $260, upgrading AVGO to an Overweight rating. Barclays analysts pointed out the company’s custom silicon solutions and projected major growth in the AI semiconductor market. Broadcom is expected to benefit from the growth of the broader technology industry as demand for AI, 5G, and cloud computing drives higher adoption of its networking, semiconductor, and software solutions.

Aristotle Atlantic Partners, LLC, an investment advisor, released its Q4 2024 investor letter. Here is what the fund said:

“Broadcom Inc. (NASDAQ:AVGO) contributed to performance in the fourth quarter as the company’s third-quarter results demonstrated continuing strength for its AI networking and custom accelerator semiconductor business. The company also gave long-term guidance for the service addressable market (SAM) opportunity for its AI-related business, indicating a market opportunity of $60 billion to $90 billion, which only includes contributions from its current three customers. This long-term outlook for AI semiconductor content exceeded investor expectations. Broadcom’s quarterly results also showed the company is ahead on its VMware integration timeline to achieve $8.5 billion in EBITDA, which will support long-term gross and operating margin expansion for the company.”