Broadcom (AVGO) is an excellent opportunity to ride the AI future outside of Nvidia and GPU's.
Broadcom #AVGO has a $11Bn annual AI run rate from datacenter ASICs/TPU's and datacenter networking.
It is unique in its aggregation of firms – it has a high-value semiconductor business and a sticky SaaS business, with recurring, and sustainable higher quality software revenues from the VMware acquisition.
There is a tremendous amount of operating efficiency in their business.
Broadcom has been a great performer in the last 10 years with revenue, operating income and EPS CAGR's of 27%, 38% and 32% respectively.
My average cost is in the mid $1,500's, it's gone up to $1,700+ but I'll add on declines if it comes down.
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