Renaissance Investment Management released its Q2 2025 investor letter, noting significant market volatility but a rebound that led the S&P 500 to an all-time high by June. The Russell 1000 Growth returned 17.8%, while the S&P 500 returned 10.9%. Large-cap stocks outperformed small caps, with growth outperforming value. Check out the top five holdings for more info.

In its Q2 2025 letter, Renaissance highlighted Broadcom Inc. (NASDAQ: AVGO), whose shares gained 127.16% in the last 52 weeks. The stock closed at $336.67 per share on September 9, 2025, with a market capitalization of $1.584 trillion. Broadcom has been growing its hyperscale and connectivity product portfolios, offsetting a slowdown in its legacy semiconductor business.

Broadcom Inc. (NASDAQ: AVGO) is the 12th most popular stock among hedge funds, with 156 portfolios holding it in Q2 2025. The company reported record revenue of $16 billion in the fiscal third quarter of 2025, up 22% year-over-year. While Broadcom shows potential, some AI stocks may offer greater upside with less downside risk. Explore our free report on the best short-term AI stock for more information.

Read more at Yahoo Finance: Demand For High-Growth Momentum Stocks Lifted Broadcom (AVGO) in Q2