Broadcom Dominates Custom AI Silicon as Bookings Top $30B at Cheap 20x P/E

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News Summary

Broadcom posted robust fiscal Q2 results with AI semiconductor revenue jumping 143% to $10.8 billion and forward bookings topping $30 billion.
Trading at an attractive 20x forward P/E, Broadcom solidifies its dominant custom silicon moat alongside major hyperscalers.

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