Broadcom: Other Than AI And VMware, Rest Of Portfolio Declined By 15%+

JHVEPhoto I had a "Sell" rating for Broadcom Inc. (NASDAQ:AVGO) in my previous report, highlighting its strong growth in the AI semiconductor business and the issue of holding numerous legacy software businesses. The company released its fiscal Q2 FY24 results on June 12th with the AI business growing by 280% year-over-year. The company anticipates its AI revenue will reach 25% of group revenue by FY24. I appreciate Broadcom's position in the AI networking and storage markets; however; I am not comfortable ...