Broadcom (AVGO-Q)

Big pullback in April. Pushing out to new all-time highs, quite positive. Long-term chart looks fantastic. Great name. Definitely doesn't mind adding at these levels. Looks technically strong, and in the right place as semis have really started to strengthen and lead the market higher again.

It reports Thursday. He expects it to be great, because software is getting great margins.

Clearly isn't going to topple NVDA from the throne on which it finds itself. Every time someone thinks they can do that, NVDA comes out with a new version of the chip that's even better. This name isn't a bad alternative play to NVDA.

Having data centres in different regions is going to be increasingly important. AI is real, but absolutely ahead of itself. Phenomenal CEO. Up 30% YTD makes him choke on valuation. Best of breed tends to get a premium multiple. May get an opportunity to buy on a dip if we see some weak news coming out of the US.

(Stock split on 15 July 2024.)  Up $11 today, with a good runway to its price target of $273.25.

She added more, despite the pain, down 20% from highs. Doesn't like the valuation, but likes the diversification of revenues, not just data centres but also software. She will buy on the way down.

She added more. It's essential for integrating data centres. It's a growth story equal to Nvidia.

There's still clear demand for network processors, and AVGO leads here. Capital has moved out of this area into software, but there is opportunity in AVGO.

Hold on, and add to your position. $238, still some decent runway. He bought some on Monday and Tuesday.

Shares tanked today on news of China's DeepSeek stealing the AI crown from ChatGPT--DeepSeek is faster and cheaper. All AI-related stocks, including energy plummeted as the Nasdaq slid over 3%. He sold his shares already, but if the stock stabilizes, this may be a buy, because AVGO has a lot of business away from AI-related data centres. However, he doesn't know--this could fall further. It's a confusing situation that happened so suddenly that you have to sit on your hands and wait. 

Leader. Increasingly into AI chips; recent announcement of 3-nanometer chip puts it on par with NVDA. Yield is 1%, with good 25% pace of growth over last 10 years and good scope to continue. Earnings poised to grow 22% over coming 3 years.

Terrific fundamentals: 38% free cash flow margins and 64% operating margins. A key holding for him. They're in the midst of a secular growth opportunity in AI.