Top 20 Trending AI News And Analyst Ratings

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8. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 130

Broadcom Inc. (NASDAQ:AVGO) supplies semiconductor infrastructure software solutions. Bank of America analyst Vivek Arya recently penned an investor note on the semiconductor industry, highlighting that the relative weighting for the industry was flattish amongst active money managers, following a steady decline between Jul 2023 to July 2024. Arya underlined that the weighting still remained below peak levels achieved in early 2017. The analyst named Broadcom among a basket of semi stocks, including NVIDIA, QUALCOMM, and Analog Devices, that witnessed the greatest expansion in ownership quarter-over-quarter. Arya noted that Broadcom was owned by 52.2% of fund managers and saw a 628 basis point increase in ownership quarter-over-quarter.

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