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MXL - Broadcom Still Looking At Robust Demand Even As Tech Investor Enthusiasm Cools
MaxLinear Inc
Looking at other players in end-markets like networking, broadband, wireless, and storage, Broadcom is looking at very strong end-market demand conditions.
Broadcom continues to develop products to extend its leadership in key markets, and opportunities like custom ASIC for AI/machine learning and photonics seem underappreciated.
Mid-single-digit long-term revenue growth and strong near-term margins can support an attractive return from here.