Goldman Sachs Semiconductor Stocks: Top 5 Stocks

2. Broadcom Inc. (NASDAQ:AVGO)

Goldman Sachs’ Q2 2023 Investment: $1.9 billion

Broadcom Inc. (NASDAQ:AVGO) focuses its efforts on developing smartphone connectivity modules and other associated products. It is currently in the middle of a long drawn process to acquire cloud computing firm VMWare for a whopping $61 billion price tag and management shared in October 2023 that it expects the deal to close despite Chinese hurdles.

For their second quarter of 2023 shareholdings, 72 out of the 910 hedge funds polled by Insider Monkey had held a stake in the firm. Broadcom Inc. (NASDAQ:AVGO)’s largest stakeholder is Ken Fisher’s Fisher Asset Management as it owns 1.9 million shares that are worth $1.6 billion.

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