Group 1: Broadcom - Broadcom supplies essential networking components for data centers and benefits from significant investment in AI infrastructure [3][4] - The stock has rebounded from a low of $146.29 to around $200, with analysts maintaining a buy rating [3][6] - Revenue grew 25% year over year to nearly $15 billion, with AI-related revenue surging 77% to $4.1 billion [4][6] - AI chip revenue is projected to reach $4.4 billion in fiscal Q2, driven by high demand and supply constraints in the GPU market [5][6] - The stock trades at 97 times trailing earnings and 30 times this year's earnings estimate, indicating a potentially overvalued position despite expected earnings growth of 20% annually [6][8] Group 2: ServiceNow - ServiceNow is positioned to benefit from increased spending on AI-powered software for workflow efficiency, with a market potential of $275 billion by 2026 [9][10] - Subscription revenue grew 19% year over year, with remaining performance obligations increasing 25% to $22.1 billion [9][10] - Strong demand is noted, particularly in the federal sector, with management expecting a 19% revenue increase in 2025 [10][11] - The stock trades at a high valuation of 59 times forward earnings, but recurring revenue models typically command higher multiples [12][13] - Analysts expect earnings to grow nearly 30% annually, supported by a large market opportunity and a recurring revenue business model [13]