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Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Technology

Technology

Is Broadcom Inc. (AVGO) the Best FAANG+ Stock to Invest in Right Now?

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
Summary
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The group of stocks formerly known as FAANG were synonymous with technological prowess, market dominance, and high growth.

Insider Monkey recently published a list of 12 Best FAANG+ Stocks to Invest in Right Now.

These 12 stocks now have a combined market cap of over $20.0 trillion , with around $14 trillion added in the past 5 years .

If they formed a country, they would rival China as the second or third largest country by nominal GDP.

Broadcom Inc. (NASDAQ: AVGO ) reported strong earnings in December 2024 .

Full-year 2024 revenue grew 44% year-over-year ( YoY ) to $51.6 billion .

Infrastructure Software’ segment revenue grew to $21.5 billion , driven by the integration of VMware .

Semiconductor' segment revenue rose 7% YoY to $30.1 billion , fueled by AI revenue, which surged 220% .

Overall, AVGO ranks 8th on our list of best FAANG+ stocks to invest in right now.