Broadcom (NASDAQ:AVGO) is up only about 9% this year and sits about 24% below its 52-week high, even though analysts expect its earnings to rise 71% in fiscal 2026 and 66% in fiscal 2027. Bulls see that gap as an opening. Ken Fisher's Fisher Asset Management is Broadcom's largest hedge fund holder, with a stake worth about $5.7 billion, or 1.7% of its portfolio, after raising it by 3% in the second quarter. Broadcom ranks seventh in our list of his 10 best AI stocks. Click here to see the other nine picks. Broadcom designs custom AI chips built to the exact needs of each large customer, and it makes the networking gear that ties thousands of chips together inside a data center.
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