5 Best Growth Stocks to Buy According to Billionaire Ray Dalio’s Bridgewater Associates

3. Broadcom Inc. (NASDAQ:AVGO)

Expected Five-Year Earnings Growth: 55.85%

Number of Hedge Fund Holders: 173

Bridgewater Associates Equity Stake: $568.07 Million

Broadcom Inc. (NASDAQ:AVGO) is one of the best growth stocks to buy, according to billionaire Ray Dalio’s Bridgewater Associates. On June 11, Broadcom Inc. (NASDAQ:AVGO) commenced a cash tender offer for the purchase of up to $2.5 billion of its outstanding senior notes.

The company is to purchase notes with maturities ranging from 2030 to 2038 with outstanding totals of $9.4 billion across six series. The 4.926% notes due 2037 have the highest acceptance priority, with $2.5 billion outstanding. The repurchase is part of the company’s broader debt management strategy.

Meanwhile, Citi has reiterated Broadcom as its top chip stock as the company sits at the center of the critical data center demand, accounting for 34% of total semiconductor demand. According to the research firm, the segment continues to show exceptional strength due to the expansion of artificial intelligence infrastructure and the emergence of server CPUs. It also expects the company to capitalize on the emergence of server CPUs optimized for agentic applications.

Broadcom Inc. (NASDAQ:AVGO) is a global technology leader that designs, develops, and supplies a vast range of semiconductor devices and infrastructure software. Its hardware and software products power the world’s data centers, enterprise networks, smartphones, and broadband systems.