Goldman Sachs’ 35 AI Superstars

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8. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 128

Broadcom Inc. (NASDAQ:AVGO) supplies semiconductor infrastructure software solutions. There are numerous reasons for considering this company a strong investment. To start with, the company’s exceptional growth and profitability are illustrated in the report for the fiscal year 2024. For instance, total revenue was $14,054 million, increasing 51% from the prior year period, GAAP net income of $4,324 million, and non-GAAP net income of $6,965 million. This shows the company’s financial health and its ability to drive substantial growth in both revenue and profitability. Moreover, the company plans to empower partners to grow their practices while providing customers with access to more agile, responsive solutions. This would include investments in training, certification programs, and tools to help partners deliver world-class professional services for VMware and Broadcom software solutions.

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