Broadcom Inc. (AVGO) Draws ARK Investment Amid Positive AI Growth Outlook

Broadcom Inc. (NASDAQ:AVGO) is among the most profitable mega cap stocks to buy. On February 6, Cathie Wood’s ARK ETF posted the daily trades for the day, outlining a significant purchase of Broadcom Inc. (NASDAQ:AVGO) shares. Through the acquisition of 87,148 shares, ARK invested around $27 million in the company. A day prior to this, Jefferies maintained its Buy rating and $500 price target on Broadcom Inc. (NASDAQ:AVGO), which translates to an upside potential of approximately 45%. The firm highlighte ...