Broadcom: More Growth Ahead
Summary
- Easing monetary policy and significant investments in data centers from major players like BlackRock, Microsoft, and Nvidia position Broadcom to benefit from AI infrastructure demand.
- Stellar recent financial performance, coupled with a strong full-year AI revenue guidance boost, suggests that the integration of VMware is progressing well.
- AVGO's valuation is attractive compared to peers, with a fair value estimated at $865 billion.
G0d4ather
Investment thesis
My previous bullish thesis about Broadcom (NASDAQ:AVGO) aged extremely well as the stock delivered a 27% return since early June. To add context, the S&P 500 grew by 8% over the same period.
I remain extremely
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