If I were deploying $100k from scratch today, $AVGO would be a core position.
Broadcom just guided Q4 revenue to $34.8B with AI semiconductor revenue hitting $21.7B—up 236% YoY. That's not hype, that's structural demand.
They now have 6 custom AI chip customers, AI networking revenue more than 2.5x YoY, and they printed $13.7B in free cash flow last quarter. That FCF alone puts them in a different league.
This is the kind of setup where the business model, customer concentration, and margin profile all point to sustained pricing power and capital return. $AVGO isn't just riding the AI wave—they're building the infrastructure that makes it possible.
For a long-term hold in a concentrated portfolio, this checks every box: monopoly-like positioning, cash generation, and exposure to the most asymmetric tech theme of the decade.
Broadcom just guided Q4 revenue to $34.8B with AI semiconductor revenue hitting $21.7B—up 236% YoY. That's not hype, that's structural demand.
They now have 6 custom AI chip customers, AI networking revenue more than 2.5x YoY, and they printed $13.7B in free cash flow last quarter. That FCF alone puts them in a different league.
This is the kind of setup where the business model, customer concentration, and margin profile all point to sustained pricing power and capital return. $AVGO isn't just riding the AI wave—they're building the infrastructure that makes it possible.
For a long-term hold in a concentrated portfolio, this checks every box: monopoly-like positioning, cash generation, and exposure to the most asymmetric tech theme of the decade.