Top 15 Tech Stocks in Billionaire Ken Fisher’s Portfolio

7. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 202

Fisher Asset Management Equity Stake: $4.54 Billion

Broadcom Inc. (NASDAQ:AVGO) is one of the top tech stocks in billionaire Ken Fisher’s portfolio. On May 13, Broadcom Inc. (NASDAQ:AVGO) sued the European Union antitrust regulators over requests for documents containing legal advice it received regarding the VMware acquisition.

In the lawsuit filed at the Luxembourg-based General Court, the chip giant insists it is acting to protect legal professional privilege. It also insists it is solely protecting its rights under recognized rules on legal professional privilege in non-EU countries. The European Commission, which is the European Union’s competition enforcer, has already said it is ready to defend all its actions and decisions in court.

The lawsuit comes on the heels of lobby group CISPE filing an antitrust complaint against the US chip giant. The group wanted EU regulators to stop Broadcom from ending its VMware Cloud Service Provider program in Europe. In its lawsuit, CISPE reiterated that Broadcom had no right to demand complete disclosure from its members affected by its practices while maintaining opacity on matters pertaining to antitrust investigations.

On the other hand, Bank of America insists that Broadcom is one of the companies poised to benefit from the artificial intelligence data center market, which is expected to expand to $1.7 trillion by 2030 while growing at a 45% compound annual growth rate.

Broadcom Inc. (NASDAQ:AVGO) is a leading global technology company that designs, develops, and supplies a wide range of semiconductor and infrastructure software solutions. It is one of the key players in AI infrastructure, networking, and enterprise software.