Broadcom is my highest conviction pick after a 33% price decline, driven by market overreaction to capital bottleneck concerns. AVGO delivered robust Q3 results: 86% revenue growth, 221% AI semiconductor growth, and strong guidance for FY27–FY28 with EPS targets up to $30. Despite credit risk and customer concentration, AVGO's custom silicon and software segments position it to benefit from capital-constrained AI infrastructure spending.
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