We came across a bullish thesis on Broadcom Inc. on Nikhs’s Substack. In this article, we will summarize the bulls’ thesis on AVGO. Broadcom Inc.'s share was trading at $402.96 as of November 28th. AVGO’s trailing and forward P/E were 103.32 and 43.10 respectively according to Yahoo Finance. Is ASML’s (ASML) Leadership Threatened After Substrate’s Recent Better Technology Claims? Broadcom Inc. designs, develops, and supplies various semiconductor devices and infrastructure software solutions worldwide. A ...

Group 1 - Broadcom's stock surged over 100% in the past year, driven by a 28% revenue growth and a 190% increase in net margin, despite a 45% decrease in the P/E multiple [2][3] - The rally is attributed to AI-related growth, a strategic acquisition, and positive analyst sentiment [2][3] - Key factors include a surge in AI semiconductor revenue, successful integration of VMware, strong earnings, innovative AI product launches, and favorable analyst ratings [9] Group 2 - AI semiconductor revenue growth was fueled by custom accelerators and networking solutions [9] - The integration of VMware enhanced infrastructure software revenue and created synergies [9] - Analysts have maintained Buy ratings and increased price targets, reflecting confidence in Broadcom's AI future [9]