Top 10 Growth Stocks in Billionaire Philippe Laffont’s Portfolio

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6. Broadcom Inc. (NASDAQ:AVGO)

Stock Upside Potential: 39.97%

Number of Hedge Fund Holders: 202

Coatue Management’s Stake Value: $1,907,089,565

Broadcom Inc. (NASDAQ:AVGO) is one of the top growth stocks in billionaire Philippe Laffont’s portfolio. On April 7, Mizuho reiterated its Outperform rating on Broadcom Inc. (NASDAQ:AVGO) and raised its price target to $480. The positive stance is in response to the extension of the company’s strategic partnership with Google and Anthropic.

Under the terms of the agreement, Broadcom is to produce future versions of artificial intelligence chips for Google. It has also agreed to give Anthropic access to about 3.5 gigawatts of computing capacity, drawing on Google’s AI processors .

According to the analysts, the strategic partnership could result in cumulative revenue of more than $80 billion for Broadcom. The research firm also expects the company to pick $21 billion in AI revenue from Anthropic in 2026 and $42 billion in 2027.

Broadcom Inc. (NASDAQ:AVGO) is a global technology leader that designs, develops, and supplies a broad range of semiconductor and infrastructure software solutions. The company acts as a critical supplier to the technology industry, with products supporting data centers, networking, software, broadband, wireless, and storage markets.

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.

Click to continue reading and see the Top 5 Growth Stocks in Billionaire Philippe Laffont’s Portfolio.

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