35 Chip Stocks In Focus Amid Tech Selloff

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3. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 130 

Broadcom Inc. (NASDAQ:AVGO) supplies semiconductor infrastructure software solutions. In fiscal year 2024, adjusted EBITDA increased 37% year-over-year to a record $31.9 billion, and free cash flow excluding restructuring was $21.9 billion. In January, the company announced the first-ever innovative Emulex Secure Fibre Channel Host Bus Adapters (HBA) — a cost-effective, easy-to-manage solution that encrypts all data as it moves between servers and storage. 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.

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