Broadcom (AVGO)

Strategic acquisitions including VMware and exposure to custom AI chips made Broadcom one of the most consistently rewarding semiconductor investments of the era, returning over 400% in the decade and outperforming the average semiconductor ETF by 15% annually since 2020. This beats #5 Taiwan Semiconductor's 600% return on a per-year basis since 2020, as Broadcom's AI chip revenue grew to $4.2 billion in 2023—over 30% higher than the typical rival in the AI networking space.