AVGO — 20 entries on this page, 4 of them a change of direction.
Here's a great example . Okay, I can scroll down to show you . These are some of the names in the SOXX fund: AMD, Micron, Nvidia and Broadcom are strong names. I love those names.
I've owned them for a very long time and I'll continue to own them for a very long time .
I missed Broadcom by a hair.
and uh broadcast uh Broadcom AVgo. Uh I missed that too. It did shoot up a bit.
Broadcom is a name that sounds interesting at these levels.
ARM also collaborates with Broadcom and Qualcomm, and has extensive partnerships.
Anyway, Broadcom, my friend, its stock price is around 355. Broadcom has recovered from that level, but in my opinion, it's the next big thing. That's the stock you should really focus on.
You've also uh uh got ARM partnering with Broadcom and Qualcomm.
Broadcom, dude, it it is right on the 355 line. It's recaptured 355, but this is the next boomer right here in my opinion. This is the next one you really want I don't own Broadcom.
The first is Broadcom's stock, which carries the symbol AVGO. It is one of the few AI stocks currently available at a discounted price, and it is a company that goes beyond simply being an AI company.
Broadcom says that more than 99 % of the world's internet traffic passes through some type of the company's technology. Broadcom is much more than just an AI chip manufacturer .
Outside of artificial intelligence, the company is based on a huge number of technologies that we use every day, such as smartphones, Wi-Fi networks, broadband internet , storage, VMware software, and enterprises.
The company also has software for mainframe computers, cybersecurity solutions , as well as businesses in the industrial and automotive sectors.
let's take Broadcom as an example. Like “AVGO”, this is a stock I don’t own, but I would like to own . The CEO appeared on "Mad Money" last week and said, "Look, we think we can achieve $30 per share by 2028."
So, if you are an investor and the stock is priced at $350, it is trading at 12 times the 2028 earnings if they manage to meet those expectations. So, I don't know the road to get there, but if Broadcom can execute as its CEO says, then you're looking at a stock that will likely be more expensive in 2028.
The second stock on this month's list is Broadcom, and if you've been following the channel for a while, you know that this is a stock I've held in my portfolio for a long time, and I've continued to add capital over the years.
What is interesting is that if you look at my position in Broadcom's growth, you can see that I made a profit of over 180% on my average cost basis , but on my original shares, I made a profit of over 500%, possibly as high as 600%.
But I continued to add new capital to this center.
Well, I'd go straight to the AI market . I'd talk about Broadcom. Right now, Broadcom is valued at $1.6 trillion , so it's not a small company anymore. It's definitely a stock that has benefited a lot from this expansion in AI.
You could call Broadcom—and I wouldn't call it Nvidia's competitor because Nvidia makes GPUs, while Broadcom, among other things, specializes in custom silicon, i.e., application-specific integrated circuits (ASICs).
So, they serve companies like Meta, OpenAI, Anthropic, or Google's Tensor Processors, for example .
Broadcom below your 35 345 price from last week. Exactly. I've been looking at this, but I bought SpaceX yesterday instead. Uh, a lot of people are saying, "Why' you do that?" Um, I think Broadcom, the game is really about to change for them with the amount of orders that they're getting right now.
But what I don't like, and the reason I'm not in, is no buy signals and trend down. Okay, I'm waiting for this thing to turn around and I've got indicators give me alerts when they do turn.
Then it gets my attention. Let's go into a closer time frame, too. Let's check out the 4our. See if it tells a different picture. It doesn't. Still trend is down. So, therefore, I wait. I don't catch a falling knife.
We talked about the AI fears yesterday. They hammered chip stocks, but the Broadcom CEO, he's finger wagon. Not so fast. It is not cracking here. Broadcom, ticker AVGO, their stock edged lower in Tuesday in their pre-market trading, falling 4.77% in the previous session.
Risk appetite remained weak with NASDAQ SNP both down. Monday's decline came as leaders at major artificial intelligence companies called for a slower pace of advanced AI development over safety concerns.
The debate raised fears that slower AI development could eventually weigh on demand for chips and data center hardware.
they did actually vote to add Broadcom to the portfolio. There was a bunch of other stocks here, but they voted for Broadcom, and I heavily agree with that, by the way. So, I did go ahead and add I purchased um Broadcom shares for the portfolio.
They've have also been falling more recently after um reporting earnings. And this is a stock I actually made a whole video about Broadcom. And I had already owned it. I I'm up a huge amount on my private larger portfolio because I had bought in a long time ago into Broadcom.
I saw this coming like a long time ago, everything that Broadcom is doing.
But now, like we really love Marll or better example is Broadcom. It's bigger company. We recommended it on national television into earnings. They raise guidance 25% stock goes down six.
Okay, that's not great. Doesn't feel good. But we have a 15 multiple on Broadcom on their 28 fiscal which ends in October and that gets you to 450. So like you have earnings support even if everybody hates it and hedge funds are selling it or dumping or whatever shorting it, you have earnings support.
On Friday, I said guys, gals, Broadcom, AMD, they are at juicy support levels. These have a really good jump inside of them.
Broadcom, which has had a great earnings by the way,
I've got a ton of Broadcom.
And just another quick comparison to another company, Nvidia and Broadcom with their trailing 12-month revenue. A lot of talk about Broadcom.
It's also re-accelerating its AI semiconductor revenue right now, thanks to some of those closed model AI labs, especially Google and the TPU, as well as others like OpenAI .
Uh next up on the chart of AVGO pretty similar scenario uh on AVGO but AVGO in fact is breaking the bottom of its parallel channel. You can see this parallel channel has hold has had held price back since December of 2024 with a little bit of a dip underneath it just briefly here in March of this year.
dude. I am getting killed on AVA today. This is this is just terrible. What are What are you doing with what are you doing with AVA here at this point? me. I'm I'm just holding. does that leave you like Dave 2 this morning? It was one of your top picks.
I'm going to dip by kind of kind of scary when you dive like this into the earnings report. That's kind of scary. I'm holding mine into the earnings report, but at the same time, it's long-term shares. um my long-term account that I've been swinging.
So, I'm not really too like concerned about it there.
If you have been following the channel for a while, you know that I have performed excellently with Broadcom stock, which I have held in my investment portfolio for a long time.
If you look at this stock in my growth chart, you will find that I have made a profit of approximately 198% based on the stock's average value. Based on the value of my original shares, I made a profit of approximately 600% .
So, when you look at a stock like Broadcom and notice that it has risen by 645% over the past five years, you might think that you have missed the opportunity. At least, that's what our investment inclination drives us to do.
However, if we look closely at the company's details, we will find evidence of the strength of its business quality, its continued strong growth, and its reasonable valuation, all while it continues to increase its dividend payouts.
Broadcom 1%, Broadcom has a lot more to run, by the way.
