Broadcom remains a 'Buy' as I see fundamentals stronger than ever, with robust AI-driven growth and attractive forward valuation after recent price weakness. Q3 saw consolidated revenue surge 85.5% YoY, driven by custom AI accelerators and networking silicon, with positive earnings revisions and management raising FY2026 AI revenue guidance to $58B. Despite gross margin contraction, AVGO's operating leverage and software margins offset hardware mix headwinds, while FCF rose 110.8% YoY, supporting sustainable financial strength.
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