Broadcom Inc. (NASDAQ:AVGO) is a company that has caught the attention of billionaire investor Ken Fisher, making it one of the 15 most notable moves for 2026 in his portfolio. Fisher Asset Management recently added Broadcom as a major position, comprising over 1.6% of the total portfolio. Despite being a newer addition, Broadcom has proven its worth by crossing the $1 trillion market capitalization mark by the end of 2024, putting it in an elite group of companies on the US stock market.
Fisher opened a position in Broadcom in the last quarter of 2021, just before the AI boom caused a significant spike in the stock price. The initial holding of close to 8 million shares has since grown to over 23 million shares, although it has been trimmed down to around 14 million shares by the end of the fourth quarter of 2025.
Broadcom recently projected that its AI chip revenue would surpass $100 billion in 2027 as demand for AI accelerates. The company expects consolidated revenue of around $22 billion in the second quarter of 2026, representing a 47% year-on-year increase. Semiconductor revenue is projected to be approximately $14.8 billion, with AI semiconductor revenue expected to reach $10.7 billion, a significant increase of about 140% year-on-year.
Broadcom designs, develops, and supplies various semiconductor devices and infrastructure software solutions globally. The company offers networking connectivity solutions, including custom silicon solutions, ethernet switching and routing, ethernet NIC controllers, physical layer devices, and fiber optic components.
While Broadcom shows promise as an investment, some AI stocks may offer greater upside potential with less downside risk. Investors looking for undervalued AI stocks that could benefit from Trump-era tariffs and the onshoring trend may want to explore other options. For those interested in finding the best short-term AI stock, a free report is available for further research.
In conclusion, Broadcom Inc. is a company that has captured the attention of prominent investors like Ken Fisher. With a strong position in the market and promising projections for the future, Broadcom continues to be a stock worth watching in the semiconductor industry.
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