Billionaire Ken Fisher’s Top 10 High Growth Stock Picks

3. Broadcom Inc. (NASDAQ:AVGO)

Net revenue growth in the past 12 months: 43.99%

Broadcom Inc. (NASDAQ:AVGO) is a leading multinational technology company specializing in semiconductor and infrastructure software products. The company has projected significant growth in its AI-related revenue, estimating a serviceable addressable market of $60–90 billion by fiscal 2027, up from $12.2 billion in fiscal 2024. This growth is driven by partnerships with major hyperscalers like Google, Meta Platforms, and ByteDance.

In Q4 of fiscal 2024, Broadcom Inc. (NASDAQ:AVGO) reported a 51% year-over-year revenue increase, reaching $14.05 billion, alongside a 28% rise in adjusted earnings per share to $1.42. The company expects this momentum to continue, projecting revenues of $14.6 billion in Q1 of fiscal 2025.

The successful integration of VMware, acquired in November 2023, has bolstered Broadcom’s infrastructure software segment, diversifying its revenue streams and strengthening its market position.

UBS analyst Timothy Arcuri recently raised his price target for Broadcom Inc. (NASDAQ:AVGO) to $270 from $220, citing confidence in the company’s AI-driven growth potential. Revenue forecasts for fiscal years 2026 and 2027 have also been increased to reflect the strong outlook.