In the third quarter of 2025, Columbia Threadneedle Investments released its investor letter for the Columbia Global Technology Growth Fund. The fund saw a return of 12.06%, slightly underperforming the S&P Global 1200 Information Technology Index at 12.82%. Positive stock selection drove the fund’s relative performance in the quarter.

Broadcom Inc. (NASDAQ: AVGO) was highlighted in the investor letter as a top stock pick. The company saw a one-month return of 10.18% and shares gained 119.30% over the last 52 weeks. On October 31, 2025, Broadcom Inc. (NASDAQ: AVGO) stock closed at $369.63 per share, with a market capitalization of $1.746 trillion.

Broadcom Inc. (NASDAQ: AVGO) has shown strong performance, driven by demand for AI accelerator chips and networking hardware. The company announced a sizable $10 billion custom AI chip order and reported backlog exceeded $100 billion. AVGO is in the 12th position on the list of 30 Most Popular Stocks Among Hedge Funds.

In the fiscal third quarter of 2025, Broadcom Inc. (NASDAQ: AVGO) reported record revenue of $16 billion, up 22% year-over-year. While AVGO has potential as an investment, some AI stocks may offer greater upside potential with less downside risk. For an undervalued AI stock that stands to benefit from current trends, check out the free report on the best short-term AI stock.

Read more at Yahoo Finance: Broadcom (AVGO) Surged on Exceptional Demand for AI Chips