Broadcom Stock Is Still A Compelling Buy

G0d4atherMy Thesis Update I first initiated coverage of Broadcom Inc. (NASDAQ:AVGO) on March 22, 2024, stating that "the company's strong financials, sales structure updates, and AI prospects pointed to further outperformance in the future." Since then, AVGO's total return has outperformed the S&P 500 (SPY) (SP500) by approximately 3 times. But since I updated my bullish thesis in June, AVGO stock went into a consolidation phase amid rising volatility, so AVGO is actually lagging behind the market since ...