AVGO.The market is completely irrational. People freak out when Google spends too little on capex in Q3, then turn around and panic when they spend too much next year. Meanwhile, Broadcom, one of the companies that stands to gain the most from all that spending, is selling off in sympathy with Alphabet. But that makes no sense. All those billions are flowing from Alphabet to Broadcom. It's completely irrational to sell off Broadcom as Google, Meta, Anthropic, and OpenAI ramp their ASIC/TPU/XPU spending to epic levels.
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