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It has been a sluggish start to the year for the US stock market amid rising geopolitical tensions. Yet, with mega-cap tech companies seeing their share take a major hit, one company has emerged for an interesting reason. Indeed, Broadcom (AVGO) has emerged as a favorite stock among billionaires for 2025, but why? The semiconductor stock has long been viewed as a high-potential buy on Wall Street. However, that perception took a significant hit with the uncertainty facing the global market. So, just what makes the company so attractive to the ultra-wealthy, and could it indicate an incoming surge for its shares in the near term? Source: Getty Images Also Read: Nvidia (NVDA) vs Broadcom (AVG): Is AI Stock Race Heating Up in 2025? Broadcom Emerging as Top Tech Stock as Billionaires Buy In An increase in macroeconomic concerns has weighed heavily on financial markets this year. As a result, Broadcom (AVGO) has certainly struggled to find its footing. The stock has plummeted more than 11% ...

Hong Kong plans to exempt cryptocurrency gains tax for private equity funds, hedge funds, and the super-rich. The region aims to attract investments into the blockchain sector and become a global hub for digital asset trading. A 20-page proposal sent to executives, which the Financial Times accessed, shows that the government is seriously considering imposing the rule. Also Read: Is the Cryptocurrency Market’s Bull Run Over? If imposed, Hong Kong’s new cryptocurrency tax exemption will provide a safety cushion for billionaire investors. The move will also boost investments and attract the rich and wealthy to the city. Several countries are imposing heavy taxes on cryptocurrency gains, while Hong Kong is easing the burden. “This is an important step in boosting Hong Kong’s status as a financial and crypto trading hub,” said Patrick Yip, Vice Chairman at Deloitte China. He explained that many institutional offices including hedge funds could open offices in Hong Kong to make use of...