Broadcom remains a buy in my books despite near-term weakness, as its strategic position in custom silicon and data center networking for AI hyperscalers implies upside in the long term. AVGO is securing multi-year chip supply deals with Anthropic and OpenAI, using innovative debt financing structures to lock in future revenue streams. Valuation remains attractive on a growth-adjusted basis, with a forward non-GAAP PEG of 0.59x, well below sector and historical averages.
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