Broadcom: Custom Compute Chips And Generative AI SaaS Demand Are Real

Jose Luis Pelaez Inc AVGO's High Growth Investment Thesis Remains Cheap We previously covered Broadcom (NASDAQ:AVGO) in February 2024, discussing why we had reiterated our Buy rating, thanks to the accelerating profitable growth reported in FQ1'24 and the raised AI-related sales guidance in FY2024. Combined with the excellent shareholder returns and the robust generative AI trends through the infrastructure layer to SaaS layer, we believed that every moderate pullback was an opportunity to dollar cost a ...