From Yahoo Finance: 2025-05-22 08:39:00

Renaissance Investment Management released its Q1 2025 investor letter, noting a 4.3% loss in the S&P 500 due to tech stock uncertainty and US economic policies. Energy, Health Care, and Utilities sectors performed well. Large-cap stocks outperformed smaller-cap stocks, with Value outperforming Growth. Broadcom Inc. (AVGO) saw a 22.10% one-month return, closing at $229.73 per share on May 21, 2025.

Broadcom Inc. (AVGO) was highlighted in Renaissance’s Q1 2025 letter, noting strong operating results but underperformance in semiconductor stocks. The company’s stock gained 64.88% over the last 52 weeks. Despite the decline, Broadcom is expected to see growth from AI deployments. AI stocks are favored for higher returns over a shorter timeframe.

Broadcom Inc. (AVGO) ranks 12th among the 30 most popular stocks among hedge funds, with 161 portfolios holding the stock at the end of Q4 2024. While Broadcom has potential, AI stocks are seen as offering greater promise for higher returns. Investors seeking AI stocks with potential similar to NVIDIA should consider undervalued options for significant gains.



Read more at Yahoo Finance: Broadcom (AVGO) Slid in Q1 Despite Reporting Robust Results