Ken Fisher remains optimistic about technology and growth stocks despite short-term volatility: Positive.

From Yahoo Finance: 2025-05-03 10:11:00

In the midst of heightened volatility in 2025, technology stocks faced significant challenges due to President Trump’s trade policies. The tech-heavy NASDAQ suffered its worst day in five years, with leading tech giants plummeting between 8% and 9%, deepening year-to-date losses to over 14%.

Despite recent turbulence, Ken Fisher of Fisher Asset Management remains optimistic about the long-term prospects of technology and growth stocks, emphasizing their resilience during bullish cycles. Tech stocks have historically outperformed during recoveries, making them appealing to long-term investors despite short-term volatility.

Signs of a rebound emerged in late April as major indexes recovered, driven by reports of resumed trade talks between the U.S. and China. Investor sentiment improved following Trump’s hints at tariff rollbacks. However, caution remains high due to mixed earnings reports and rising industry costs, underscoring the unpredictable impact of trade policies on tech and broader markets.

Broadcom Inc. (AVGO) emerged as a top tech stock pick with notable upside potential according to billionaire Ken Fisher’s Q4 2024 13F filings. The company delivered record-breaking financial results in Q1 of fiscal 2025, with consolidated revenue reaching $14.9 billion, driven by strong demand for AI semiconductor solutions and infrastructure software.

Broadcom Inc. (AVGO) projects sustained momentum into the second quarter of fiscal 2025, buoyed by investments in AI data center infrastructure. The company anticipates steady revenue around $14.9 billion, with CEO Hock Tan highlighting the continued demand for AI XPUs and high-speed connectivity solutions.

Broadcom Inc. (AVGO) has garnered growing investor confidence, with institutional interest surging in Q4 2024. Fisher Asset Management held around 24 million shares valued at over $5.5 billion, while 161 hedge funds tracked by Insider Monkey held stakes exceeding $22.2 billion by the end of the quarter.

Mar Vista U.S. Quality Select Strategy expressed a positive outlook on Broadcom Inc. (AVGO) in its Q1 2025 investor letter, despite stock price pressure from global growth concerns and investor skepticism around AI capex investments. AVGO ranks 10th among Ken Fisher’s tech stock picks, with a promising future in AI-focused sectors.



Read more at Yahoo Finance: Among Ken Fisher’s Technology Stock Picks with Huge Upside Potential