5 Best Semiconductor Stocks To Invest In for the AI Boom

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In this piece, we will take a look at the five best semiconductor stocks to invest in for the AI boom. If you want to read more about the trillions of dollars that might be in play in the AI market, then read 11 Best Semiconductor Stocks To Invest In for the AI Boom.

5. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Investors In Q4 2023: 91

Broadcom Inc. (NASDAQ:AVGO) is an American semiconductor company that sells connectivity products. The firm scored a big win in February 2024, when after its multi billion dollar acquisition of VMware, Microsoft announced that it would continue to support the platform on its well known Azure platform.

As of Q4 2023 end, 91 out of the 933 hedge funds part of Insider Monkey’s database had bought Broadcom Inc. (NASDAQ:AVGO)’s shares. Ken Fisher’s Fisher Asset Management was the biggest shareholder due to its $2.3 billion stake.

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