2024-06-03 12:22:59 ET
Summary
- Broadcom continues benefiting from the AI revolution as the company provides cutting-edge solutions for modern digital infrastructure and continuously develops its offerings.
- The upcoming earnings release is expected to show strong revenue growth and beat consensus estimates.
- Broadcom's valuation is attractive both compared to peers and according to the discounted cash flow model.
Investment thesis
I have mixed feeling about my previous bullish thesis about Broadcom ( AVGO ). On the one hand, the company's fundamentals keep improving and that makes me happy as an investor. On the other hand, improving fundamentals did not convert into share price growth yet as the stock has -5.3% since early March....
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Broadcom: Recent Pullback Makes It A Compelling Opportunity