HERE THE AI CHIP STOCK THAT HEDGE FUNDS ARE LOADING UP ON

What happened: Data Insights' monthly crowding report showed Broadcom (AVGO) flipped from mostly shorted in August to among the most-held long stocks by hedge funds in September, after its Sept. 2 earnings. Key numbers: Q3 revenue rose 86% year over year to $29.6 billion; net income rose 216% to $13.1 billion, or $2.68 per share; AI semiconductor revenue rose 221% to $16.7 billion. Why it matters: The article says hedge funds likely bought the post-earnings dip on strong growth and outlook, and argues Broadcom looks attractive at forward valuations relative to long-term growth expectations. Coverage: 3 outlets in 24h

Data Insights' monthly crowding report showed Broadcom (AVGO) flipped from mostly shorted in August to among the most-held long stocks by hedge funds in September, after its Sept. 2 earnings.

The article says hedge funds likely bought the post-earnings dip on strong growth and outlook, and argues Broadcom looks attractive at forward valuations relative to long-term growth expectations.