$Broadcom(AVGO)$ There has been bullish commentary from hyperscalers, including upgrades to capex spending from Meta and other major players. This creates a favorable backdrop for Broadcom (AVGO), increasing the likelihood of a beat and raise in the upcoming earnings report. Historically, AVGO has a solid track record, with a median revenue surprise of +0.5% and a median EBIT margin surprise of +43bps since Q4 FY20. These consistent outperformance metrics add to the positive outlook, even though I haven't modeled out specific quarterly assumptions this time. With these factors in play, AVGO is well-positioned to continue its growth trajectory.
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