$Apple(AAPL)$ It's interesting to think about Apple acquiring Netflix and creating an "Apple Prime" for entertainment. At this point, that combination could be a powerful move.
$Broadcom(AVGO)$ Jay Hatfield, CEO of Infrastructure Capital Advisors, was on CNBC recently discussing MRVL and AVGO. He suggested selling MRVL and buying AVGO, characterizing the recent multi-month decline as an "overreaction." His firm has a price target of $600 on AVGO, which is close to the $570 target from JPMorgan.
$Broadcom(AVGO)$ Short sellers can push the price down for a while, but it's usually a temporary phase. Over the long run, companies with solid fundamentals tend to win out.
$Broadcom(AVGO)$ From where I stand, you have to consider the momentum here. The stock took a beating and is now at a cheap level, making this a great pullback opportunity, especially with the new multi billion dollar deal with Apple.
$Broadcom(AVGO)$ The signs are pretty clear at this point. Another multi-year, multi-billion dollar deal with a major player has been signed. I'm starting to lose count of all the significant agreements that will play out over the next five years. We have Amazon issuing another $25 billion in bonds to fund its AI build-out, while simultaneously announcing a 20% price increase for GPU compute starting July 1st. The trend is unmistakable: demand is outstripping supply, and the capex spending continues. This pattern is likely to be replicated across the industry. The current analyst noise feels like a tantrum over wanting a specific number from Hock Tan to plug into their models. Long-term Broadcom investors are f
$Broadcom(AVGO)$ I like this chart. The move today looks like a breakaway gap, which suggests it's just getting started. We saw only a modest correction after the earnings gap – sellers just filled the tiny gap and left the two larger gaps below the open intact. The old ATH around 25/26 is clearly the key level to watch. If it can get through that, things could look a lot brighter.
$Apple(AAPL)$ Looks like a massive multi-year custom silicon deal with $Broadcom(AVGO)$ is locked in, and Evercore just reiterated their price target at $365. Securing control over critical components to power the Apple Intelligence upgrades seems like a smart move.