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Broadcom (AVGO) Signals Massive Upside on $100B AI Revenue Pipeline

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Broadcom posted stellar fiscal Q2 results with AI semiconductor revenue surging 143% year-over-year to $10.8 billion and bookings exceeding $30 billion.
  • With long-term AI revenue projected over $100 billion and strong VMware margins, AVGO provides compelling value at 20x forward earnings.
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AVGO price history

361.99 -3.69% over the displayed period

Advisor Snapshot

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