AVGO Broadcom
ChipsPosition Summary
Shares
10
Avg Price
$322.19
Cost Basis
$3,222
Conviction
7/10
Investment Thesis
60% custom AI ASIC market share. $73B backlog. VMware creates vertically integrated stack.
Key Arguments
Bull Case
Networking + custom silicon for hyperscalers. VMware acquisition adds software recurring revenue.
Bear Case
Integration risk from VMware. Premium valuation.
What Would Make Us Sell
VMware integration failure or custom silicon wins dry up.