Broadcom: Upside Is Now Greater Than Before Thanks To AI And Cost Cuts

Justin Sullivan Thesis In my previous article about Broadcom Inc. (NASDAQ:AVGO), I explained how the stock had a significant upside after the 26% rally that preceded my article. The reason for this was that throughout two DCF models, the worst scenario was that this stock was fairly valued, but the most optimistic model suggested a fair price which was 34.8% above the stock price at that time. This model was released after Q4 2023 earnings, which were released on December 7, 2023. Since then, the stock  ...