Ken Fisher Stock Portfolio: Top 10 Stock Picks

7. Broadcom Inc. (NASDAQ:AVGO)

Stake Value as of Q4 2024: $5,541,745,568

Broadcom Inc. (NASDAQ:AVGO) is a leading developer, manufacturer, and supplier of semiconductor and infrastructure software products. The company has a diverse revenue stream, which provides it a competitive edge by ensuring consistently high revenues through quarters.

On March 6, Broadcom Inc. (NASDAQ:AVGO) announced financial results for the first quarter of fiscal 2025. It reported a record revenue of $14.9 billion, up 25% from last year. Adjusted EBITDA surged 41% year-over-year to $10.1 billion. Diluted EPS was logged at $1.60, beating expectations by 9 cents. The strong results were driven by a 77% increase in AI revenue and a 47% growth in infrastructure software revenue.

Following the results, several firms raised their price targets for the stock. Wall Street analysts are bullish on Broadcom Inc. (NASDAQ:AVGO), with a consensus Strong Buy rating and an average share price upside potential of 21%.

Earlier in the month, Broadcom Inc. (NASDAQ:AVGO) launched VeloSky, a converged networking solution to enable CSPs to offer integrated connectivity through a single appliance. It will help service providers drive the adoption and utilization of their 5G services and unlock new revenue streams.

According to Insider Monkey’s database for Q4 2024, 161 hedge funds held a stake in the company, improving from 128 at the end of the third quarter. Broadcom Inc. (NASDAQ:AVGO) is among the top picks from the Ken Fisher stock portfolio.