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3 Market-Beating Tech Stocks to Supercharge Your Portfolio in 2025 and Beyond
AVGOBroadcom(AVGO) The Motley Fool·2024-12-15 15:45

Core Insights - The technology sector has experienced significant growth in 2024, driven by emerging industries like artificial intelligence (AI), making it one of the best years for tech stocks in recent memory [1][2]. Group 1: Broadcom - Broadcom's fiscal year 2024 revenue reached 51.5billion,a4451.5 billion, a 44% increase from 2023, with a notable expansion into enterprise software [4]. - The company's software business grew by 181% in 2024, aided by the acquisition of VMware for 69 billion [4]. - AI revenue for Broadcom surged by 220% in 2024, totaling 12.1billion,indicatingstronggrowthpotentialinthisarea[6].Group2:QualcommQualcommsrevenuegrewbyonly912.1 billion, indicating strong growth potential in this area [6]. Group 2: Qualcomm - Qualcomm's revenue grew by only 9% in fiscal 2024, with its handset segment accounting for 64% of total revenues, making it vulnerable to losing Apple's business [9][10]. - The automotive segment of Qualcomm experienced significant growth, increasing by 55% [10]. - Despite challenges, Qualcomm's stock has risen by 20% over the past year, and its P/E ratio is currently at 18, below industry competitors [12]. Group 3: Meta Platforms - Meta has achieved a compound annual growth rate (CAGR) of 24.8% since its public debut in 2012, significantly outperforming the S&P 500 [14]. - The company generated 156 billion in revenue over the last 12 months and has over 52billioninfreecashflow[15].Metaannounceda52 billion in free cash flow [15]. - Meta announced a 50 billion share buyback plan and a quarterly dividend, showcasing its cash-generating capabilities [16].