12 Best Stocks to Invest in for a Month

3. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 158

Broadcom Inc. (NASDAQ:AVGO) is one of the best stocks to buy. On June 11, software giant Synopsys, Inc. (NASDAQ:SNPS) reported seamless compatibility between its PCIe 6.x IP and Broadcom’s PEX90000 series switch.

The demonstration, operating at 64 GT/s, showcases compatibility between the two companies’ PCIe 6.x technologies, which are designed for high-performance computing and AI data center systems. This development also aligns with Synopsys’s growth trajectory, as the company has achieved 7.5% revenue growth over the last twelve months.

According to the announcement, PCIe switches are pivotal in powering advanced AI architectures, ensuring the required flexibility and scalability for evolving computational loads. The integration tests paired Synopsys’ PCIe 6.x IP, incorporating PHY and controller modules in dual roles, with Broadcom’s PEX90000 switch.

Dan Roehrich, Broadcom’s VP of IC Development within the Data Center Solutions Group, emphasized that the milestone “constitutes a pivotal move in supporting the sector’s ability to confront modern AI and HPC processing challenges.”

Broadcom Inc. (NASDAQ:AVGO) is a technology giant specializing in the design, development, and supply of complex semiconductor devices and infrastructure software.