From Yahoo Finance: 2025-05-02 17:38:00

Broadcom Inc. (AVGO) is among the best NASDAQ stocks to buy, with 26 billionaire investors holding shares worth $14,457,993,630. The company recently announced new optical connectivity solutions and expects second-quarter revenue around $14.9 billion. Despite stock price pressures, AVGO remains promising, especially in the AI sector, ranking 6th on the billionaire stock list.

The US economy contracted 0.3% in Q1 2025 due to tariff uncertainty, impacting NASDAQ’s performance. Analyst Tom Lee discussed the market’s trajectory amid economic distortions and policy uncertainties, highlighting the importance of staying invested during volatility. CNBC’s Steve Liesman emphasized the market’s dependence on policy clarity for economic recovery.

To select the top NASDAQ stocks for billionaires, a list was curated using Finviz and billionaire data. Hedge fund stock picks have outperformed the market, with a newsletter strategy returning 373.4% since 2014. Broadcam Inc. (AVGO) stands out with its innovative products and revenue growth, making it a lucrative investment option.



Read more at Yahoo Finance: Is Broadcom Inc. (AVGO) the Best NASDAQ Stock to Buy According to Billionaires?