LONG (BUY)
TP
Recommended Entry Range
► Broadcom reported AI revenue of $16.7 billion - up 221% YoY and 54% sequentially. Total revenue increased 86% to $29.59 billion, while adjusted earnings per share (EPS) nearly doubled to $3.32. Yet we see AVGO currently trading around 6% lower, as even extremely strong earnings were apparently not “good enough” to keep investors excited.
► We believe this disappointment, or rather the stretched expectations in the background, has gone too far. AMD has also fallen - we expect support in the
► Additional headwinds come from the fact that NVDA’s latest earnings report was absolutely perfect in almost every respect.
► AVGO is now attractive again following today’s sharp dip and the recent decline. We are buying this mega dip, which in my view has gone far too far considering Broadcom’s genuinely extraordinary earnings metrics - including a strong outlook for $21.7 billion in AI semiconductor revenue in Q4, up 236% YoY.
Broadcom (AVGO): Multiply your “standard (EUR/USD)” position size by approx. 55–60x (5,500% – 6,000%) – 1/2 position size.
position code / 100% Transparency - 26090304A
Update/Signal ist
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A very strong early NYSE trade (against the market).
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