Billionaire Ken Fisher’s Top 5 Dividend Stock Picks

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1. Broadcom Inc. (NASDAQ:AVGO)

Fisher Asset Management’s Stake Value: $4,547,124,089

On June 4, DA Davidson raised its price recommendation on Broadcom Inc. (NASDAQ:AVGO) to $400 from $375. It reiterated a Neutral rating on the stock. The firm noted that Broadcom shares declined despite the company delivering a modest Q1 revenue beat of 0.5% compared to consensus estimates and issuing a constructive Q3 outlook. According to the analyst, the guidance fell short of the market’s elevated expectations. During the earnings call, Broadcom also provided updates on several strategic initiatives. DA Davidson said these developments indicate that supply and demand remain out of balance, with demand for computing power continuing to increase.

A day later, on June 5, Erste Group upgraded Broadcom to Buy from Hold. The analyst told investors that Broadcom is growing at a much faster pace than its industry peers and expects the stock to maintain its upward momentum, supported by the company’s stronger-than-average growth prospects.

Broadcom Inc. (NASDAQ:AVGO) is a global technology company that designs, develops, and supplies semiconductor products, enterprise software, and security solutions. The company operates through two business segments: semiconductor solutions and infrastructure software.

While we acknowledge the potential of AVGO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AVGO and that has 100x upside potential, check out our report about the cheapest AI stock.

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