I made an additional investment in AVGO as Broadcom continues to impress with strong AI-driven growth and execution. Its third-quarter results highlighted robust performance in AI networking and custom accelerators, and management raised long-term SAM guidance for its AI business to $60–$90 billion. This exceeded investor expectations and underscores Broadcom’s strategic positioning in the AI boom. Additionally, progress on the VMware integration, with an $8.5 billion EBITDA target, supports further margin expansion. These factors make AVGO a compelling long-term investment in the AI and enterprise tech space.
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