5 Internet of Things (IoT) Stocks Billionaires Are Loading Up On

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In this piece, we will take a look at the five internet of things (IoT) stocks billionaires are loading on. For more IoT stocks, head on over to 10 Internet of Things (IoT) Stocks Billionaires Are Loading Up On.

5. Broadcom Inc. (NASDAQ:AVGO)

Number of Billionaire Investors: 9

Where there’s connectivity, there’s Broadcom Inc. (NASDAQ:AVGO). The firm provides a centralized platform that enables users to monitor their IoT devices, collect and analyze data, and generate analytical insights from millions of data points.

After digging through 943 hedge funds for their first quarter of 2023 investments, Insider Monkey discovered that 72 had held a stake in Broadcom Inc. (NASDAQ:AVGO). Out of these, the firm’s largest shareholder is billionaire Ken Fisher’s Fisher Asset Management with a $766 million investment.

Follow Broadcom Inc. (NASDAQ:AVGO)

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