Broadcom: Focus On Organic Revenue Growth
Broadcom(AVGO) Seeking Alpha·2024-06-24 06:19Georgijevic Investment Thesis Broadcom Inc. (NASDAQ:AVGO) recently surged 20%, driven largely by a strong Q2 FY2024 earnings report. Like other semiconductor stocks, AVGO has seen significant price jumps due to the GenAI tailwinds, which is driving tremendous demand for Ethernet solutions and custom AI accelerators. The company has shown a strong rebound in revenue growth in the past two quarters and continues to accelerate its momentum. The company has already reached a revenue growth inflection point, lea ...