How much did Broadcom stock rise over the past year?

Broadcom stock rose 60% over the past year.

Ken Griffin is a billionaire and founder of Citadel, one of the world's largest hedge funds.

ASICs are application-specific integrated circuits designed for specific tasks like AI, offering high efficiency.

Broadcom (AVGO) Among Top AI Stocks in Ken Griffin's Portfolio

Billionaire Ken Griffin included Broadcom (AVGO) in his list of top 13 AI stocks. The stock rose 60% over the past year due to the company's ability to design custom ASIC chips.

June 11, 2026

1 min read

Source: Insider Monkey

Key Numbers

share price gain

60%

time period

past year

Billionaire Ken Griffin, founder of Citadel, has included Broadcom Inc. (NASDAQ:AVGO) in his list of the top 13 stocks to invest in for artificial intelligence, according to a report by Insider Monkey.

Why It Matters

Broadcom stands out for its ability to design application-specific integrated circuits (ASICs) tailored for AI workloads, making it a key player in the rapidly growing AI chip market.

Stock Performance

Broadcom shares have surged 60% over the past year, reflecting investor confidence in the company's strategy and its ability to capitalize on rising demand for AI chips.

Context

Griffin's mention comes amid fierce competition in the AI sector among giants like NVIDIA and AMD. Broadcom offers a diversified option for investors seeking exposure to AI hardware.

What It Means for Investors

Inclusion in a top investor's portfolio boosts Broadcom's credibility as an AI investment opportunity. However, investors should weigh risks such as high valuation and intense competition.

Frequently Asked Questions

Broadcom designs custom ASIC chips for AI, making it a key partner for major tech companies.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.