How Parkev Tatevosian, CFA’s view on $AVGO changed

The first of the four undervalued semiconductor stocks that I will highlight is Broadcom. Broadcom is a company that helps companies like Alphabet develop their own accelerated computing chips.

Broadcom experienced a sales boom, a real boom by all measures. Revenues are rising significantly, and profits are constantly expanding. The company remains fully booked for the rest of this year, and it looks like it will be for the rest of next year as well.

many of these AI companies , including Broadcom and Marvell, are being drawn to, as they are poised to be among the biggest beneficiaries of the AI boom .

Broadcom demonstrates tremendous sales and exceptional growth. Its business has boomed from about $35 billion in sales in early 2024 to nearly $90 billion over the past twelve months.