$Broadcom(AVGO)$
1) growing share of AI addressable market
2) gaining momentum while $NVDA slows down
3) early mover in CPO (co-packaged optical) networking, which will contribute in 2027
4) networking hardware gaining share of AI spending pie Trading on 31x 26e P/E, with a nice uptrend in earnings estimates supporting the multiple.
Potential further estimate upside from rising share of ex-GOOGL customers' (META, Bytedance, Apple, OpenAI) AI spend.
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