30 Most Fantastic Stocks Every Investor Should Pay Attention To

5. Broadcom Inc. (NASDAQ:AVGO)

Market Cap: $1.66 Trillion

Number of Hedge Fund Holders: 156

Broadcom Inc. (NASDAQ:AVGO) is among the most fantastic stocks every investor should pay attention to. On November 10, Vivek Arya, an analyst from Bank of America Securities, reaffirmed his Buy rating without assigning a price target.

In an interview with CNBC on October 29, Arya argued that the semiconductor industry is in the midst of a virtuous flywheel, which benefits from initial spending on intelligence infrastructure, which is then monetized, and that the resulting funds are used for further infrastructure spending. He believes that this technology is not just hyper-computing, but it can be leveraged to boost productivity for the real economy. According to him, Broadcom is one of the “exceptionally positioned companies in this environment”, along with Nvidia and AMD.

Arya further stated:

“Most infrastructure cycles, you know, they tend to last for a decade plus. We have seen this with 3G and 4G. We have the 5G cycle that started. So, these cycles can last for a decade or more. And if you look at when ChatGPT started, that was in late 2022. So, we are just basically in the first three years of what could be a decade-long cycle.”

Broadcom Inc. (NASDAQ:AVGO) is a global technology company that designs, develops, and supplies a wide range of semiconductor and infrastructure software solutions.