I made an additional investment in AVGO following its strong quarterly performance, with record-high revenues driven by AI projects. The news that Broadcom is designing an AI server processor for Apple, alongside its custom chips for other tech giants, reinforced investor optimism. Broadcom’s better-than-expected sales of AI chips and its positioning in the growing AI sector suggest continued revenue potential. I believe AVGO is well-placed to capitalize on the expanding demand for custom AI chips, making it a solid addition to my portfolio.
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