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Broadcom (AVGO) Surged on Robust Earnings and Outlooks
BroadcomBroadcom(US:AVGO) Yahoo Financeยท2025-10-08 14:02

Core Insights - ClearBridge Investments released its third-quarter 2025 investor letter for the ClearBridge Dividend Strategy, highlighting strong stock market performance and gains from AI exposure, despite lagging behind the S&P 500 Index benchmark [1] Company Performance - Broadcom Inc. (NASDAQ:AVGO) was highlighted as a key stock, with a one-month return of -6.75% and a 52-week gain of 85.34%, closing at $336.41 per share on October 7, 2025, with a market capitalization of $1.62 trillion [2] - In the fiscal third quarter of 2025, Broadcom reported record revenue of $16 billion, representing a 22% year-over-year increase [4] Investment Strategy - ClearBridge Dividend Strategy's investment in Broadcom and Oracle was based on a positive assessment of their fundamental outlooks and risk/reward profiles, with both companies benefiting from AI developments since their purchase in 2020 [3] - The strategy emphasizes investing in companies with strong management teams, which has led to significant profits from these investments as both stocks surged in September due to robust earnings and outlooks [3] Market Position - Broadcom is ranked 12th among the 30 Most Popular Stocks Among Hedge Funds, with 156 hedge fund portfolios holding its stock at the end of the second quarter of 2025 [4]