Growth Stock Portfolio: 12 Stock Picks By Ken Fisher

Core Viewpoint - Ken Fisher argues that concerns about a technology and artificial intelligence bubble do not reflect the characteristics of a true market bubble, suggesting that most investors view the current situation as an opportunity rather than a risk [1][2]. Market Analysis - Fisher notes that high valuations do not necessarily indicate an impending market collapse, as markets effectively pre-price widely known information [2]. - He acknowledges uncertainty regarding short-term results, including corporate profits and policy issues, but emphasizes that stock fluctuations are typical and do not confirm a bubble [3]. Company Insights - Broadcom Inc. (NASDAQ:AVGO) has over $500 billion in actual contract revenue linked to data center products through the end of 2026, but faces challenges due to increasing sales of lower-margin custom AI chips, which may decrease profitability [4][10]. - ASML Holding N.V. (NASDAQ:ASML) has seen a significant revenue increase from China, reaching €10.2 billion in 2024, but anticipates a sharp decline in 2025 due to export constraints [17]. - Intuit Inc. (NASDAQ:INTU) has entered a multi-year agreement with Circle Internet Group to integrate stablecoin features into its platform, aiming to enhance financial transactions [19][20]. Stock Performance - Broadcom's stock has increased by over 46.72% in 2025, despite recent warnings about profitability pressures [11]. - ASML's average 5-year revenue growth is 20.32%, with a strong demand for semiconductor technology driven by AI deployment [13]. - Intuit's average 5-year revenue growth is 20.42%, with recent performance exceeding expectations in its Credit Karma and QuickBooks Online segments [18][21].