Broadcom (AVGO)

Up 51% since Nov. 1. Any position that rises 5%, he will trim as part of his portfolio management. Will also trim MSFT which as climbed 24% in this time. However, AVGO is a small position that he's recently added, so he won't sell it yet.

Huge run. Margins from acquisition were better than thought. Pretty solid print for latest quarter. Good space to be in. Play on AI and sales of chips, which have been robust. Pricier at 22x, 15% growth. You can do better. Look at NVDA, AMZN or GOOG.

Has done well on fundamentals, not excessively expensive. More concentrated in the AI space.

Has done extremely well on both price and fundamentals. Meteoric growth of earnings and cashflow, so it's not expensive. Today is not a terrible time to buy. A great choice, though he owns QCOM.

Above price target. He'd recommend NVDA or INTC, buy in thirds.

Nvidia has been the most exciting name in AI this year, but is up only 1% since late August, while AVGO has been up 23%. Invstors are looking beyond the obvious names and will continue to buy names like AVGO.

Trades at 24x forward PE, up because of the VMware deal which is 30% accretive and gets them 50% software exposure in recurring revenues. Not worried that this has run up so much this year. Likes it a lot and owns a big position.

Is up 17% in the past month. They just closed their VMware purchase. Also, they reported a great quarter with solid guidance for 2024. He recently took a few shares off the table, not many.

Really performed well. Best of both worlds: in AI chip space, and valuation is not excessive. He missed this one. Very good company, very good stock. His choice is QCOM, which will do as well over time.

A way to play the semis, trades cheaply and 62% operating margins.

Better than peers like Cisco, because AVGO should close its deal with VMware next week.

With their cash, they will either buyback a ton of more shares or buy VMware which will enhance their multiple.

Buy either way. If the deal closes, AVGO's PE will rise. If not, the CEO will buy as much stock as possible, meaning the stock is cheap. He needs to see the deal close before he can endorse buying this.

The VMware deal needs China's approval to go through and he doesn't know what will happen if it doesn't. But AVGO is a fine company and cheap stock and run by a superb CEO.

A decent runway ahead. He owns this and especially VMware. China is holding their merger hostage as a bargaining chip against Biden, but he expects the deal to close in December.