Billionaire Ken Fisher’s Top 15 Stock Picks Heading into 2025

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8. Broadcom Inc. (NASDAQ:AVGO)

Fisher Asset Management’s Equity Stake: $4.04 Billion

Number of Hedge Funds Holding Stakes: 128

Broadcom Inc. (NASDAQ:AVGO) is a technology company that designs, develops, and supplies various semiconductor devices. The company benefits from strong demand for its networking products, which include AI accelerators, AI networking solutions, and optical lasers. It’s also staring at tremendous opportunities for growth, given that its solutions are crucial in addressing the need for an increasing AI workload and data centers.

Broadcom Inc. (NASDAQ:AVGO) sells various semiconductor products, including those for the computer networking, storage, and broadband sectors related to artificial intelligence. Broadcom’s revenue base should receive a boost as AI workload increases and demand for fast data centers increases. The company is projected to generate $12 billion in AI revenues in 2024.

Its acquisition of VMware has gone a long way in strengthening its infrastructure software solutions. VMware’s well-known virtualization software allows IT companies to run multiple operating systems on a single server. Likewise, Broadcom Inc. (NASDAQ:AVGO) has succeeded in securing stable revenue streams from Alphabet and Meta Platforms for virtualization software.

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