13 Best QQQ Stocks to Buy According to Hedge Funds

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6. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 158

Broadcom Inc. (NASDAQ:AVGO) is one of the best QQQ stocks to buy according to hedge funds. On June 17, Broadcom announced the general availability of VMware Cloud Foundation/VCF 9.0, which marked a significant advancement in its private cloud platform. VCF 9.0 aims to provide a consistent operating model across data centers, edge environments, and managed cloud infrastructure from service providers and hyperscalers.

The new generation of the platform combines the agility and scalability of the public cloud with the security, performance, architectural control, and total cost of ownership/TCO benefits of on-premises environments. VCF 9.0 delivers a unified platform capable of supporting all applications, which refers to traditional, modern, and AI applications, with consistent operations, governance, and controls.

The architecture of VMware Cloud Foundation 9.0 introduces a unified interface for cloud administrators, which includes a Quick Start App to reduce setup time and complexity, integrated cost management, centralized identity and access management, and consolidated log management for faster insights. For developers, VCF 9.0 offers a frictionless cloud consumption experience with a unified interface, simplified infrastructure service delivery, and automated, elastic self-service IaaS services.

Broadcom Inc. (NASDAQ:AVGO) designs, develops, and supplies various semiconductor devices through 2 segments: Semiconductor Solutions and Infrastructure Software.

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