Steve Cohen Stock Portfolio: Top 5 Stock Picks

4. Broadcom Inc. (NASDAQ:AVGO)

Market value of shares owned: $701,420,228

% of portfolio: 0.90%

Broadcom Inc. (NASDAQ:AVGO)  is one of the 10 Best Stocks in Steve Cohen’s Portfolio.

Broadcom Inc. (NASDAQ:AVGO) renewed its partnership with London Stock Exchange Group (LSEG) on May 19, 2026, with a new five-year agreement. The deal expands LSEG’s deployment of VMware Cloud Foundation 9 across its complex infrastructure, adding strength to its multi-cloud strategy. Broadcom Inc. (NASDAQ:AVGO) will supply dedicated professional services to transition LSEG to the unified platform. This private cloud architecture is engineered to improve security in addition to strengthening operational resilience and maximizing automation across high-performance, strictly regulated global trading environments.

In another development, on May 26, 2026, Broadcom Inc. (NASDAQ:AVGO) introduced the BCM68850 – the industry’s first 50G PON home gateway SoC equipped with an integrated Neural Processing Unit (NPU) and native Wi-Fi 8 compatibility. The flagship chip completes an end-to-end 50G ecosystem. It helps in managing data micro-bursts via an ultra-fast “burst and release” protocol to provide near-zero-jitter performance. Philip Radtke, VP of product marketing for Broadcom Inc. (NASDAQ:AVGO)’s Wireless and Broadband Communications Division, gave the following statement.

The BCM68850 is a defining milestone for global fiber networks; we are reshaping the broadband edge as the central intelligence hub of the home

The global technology company, Broadcom Inc. (NASDAQ:AVGO), designs, develops, and supplies a broad portfolio of semiconductor and infrastructure software products. Initially established in 1961 as a division of Hewlett-Packard, it operates today as a combined entity from a 2016 acquisition. The company has its headquarters in California.

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