Why Broadcom Should Beat Earnings Again
Broadcom(AVGO) Seeking Alpha·2024-09-04 17:30
G0d4ather Intro & Thesis I initiated coverage of Broadcom Inc. (NASDAQ:AVGO) stock on July 20, 2023, with a "Hold" rating, which I upgraded to "Buy" in April 2024, admitting my mistake and assuming that the risks I was afraid of initially might not exist. Since my upgrade, the stock has continued to rise, gaining nearly 13% to date so far and outperforming the S&P 500 Index (SP500) (SPY) by a factor of 2. However, since my last update, the stock has entered its volatile phase, becoming an underperformer ...