Broadcom Inc. (NASDAQ:AVGO) is in 15th position on our list of 31 Most Popular Stocks Among Hedge Funds. As per our database, 115 hedge fund portfolios held Broadcom Inc. (NASDAQ:AVGO) at the end of the first quarter which was 91 in the previous quarter. Consolidated net revenue of Broadcom Inc. (NASDAQ:AVGO) in the fiscal second quarter of 2024 was $12.5 billion, an increase of 43% year-on-year, including contribution from VMware. While we acknowledge the potential of Broadcom Inc. (NASDAQ:AVGO) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.