AVGOP - Win-Win: Google Cloud Tie-Up Validates Broadcom's Enterprise Software/Security Strategy

• The recent announcement that Google Cloud and Broadcom will collaborate on integrating cloud services with enterprise level software and security is bullish for Broadcom.
• The agreement is concrete validation of Broadcom's strategy to diversify into the higher margin enterprise software sector.
• It's a win-win for Google as well: having its cloud services business integrated with AVGO's enterprise-level software/security makes it an easy sell to customers requiring secure-cloud services.
• Meantime, a recovery in wireless after the delayed iPhone12 means AVGO is now hitting on all cylinders: networking, storage, data-center, and broadband.
• Broadcom is still my favorite dividend growth stock and I expect another significant dividend increase this year to tack onto the current $14.40/share annual dividend.

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