Broadcom: There's A Potential $18.75B In Extra AI Infrastructure Revenue To Be Made

G0d4ather Thesis In my previous article about Broadcom, Inc. (NASDAQ:AVGO) I upgraded the stock from "buy" to "strong buy", explaining that the fair price indicated by my model now stood at $2,006.62, which showed a 53.3% upside from the stock price at that time of $1,308.72. Then, for 2029, the stock price could climb up to $3,676.77, translating into 30.8% annual returns. Broadcom reported Q2 2024 earnings on Wednesday, June 12. Broadcom reported a non-GAAP EPS of $10.96 for the quarter, which beat es ...