$Broadcom(AVGO)$ I think we want to equate AVGO with AI only and we want to believe the cyclically narrative, which I think is a valid one. However, we are talking about a vertical company that connects everything and we need to think differently about their products and where they fit, and I mean internet of things.
IOT and robotics is the next thing. So you can keep riding this one, it’s a different kind of chip company. Now, I am late to the party and bought post split and I am still building out my position which currently sits at $152.
Now the market is going on a little pity party for a while. I don’t know how long it will last, but I think it should be wrapping up no later than 3rd week of September- that is my best guess.
Buy then we will have job numbers, Fed decision, PCE, PCI, PPI by then. So once the market is done with its current tantrum, I will add more for the next bull market.
Long AVGO
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