Jul. 4 at 7:12 AM
My Investment Thesis –
$AVGO
This isn’t financial advice. It’s simply why I own the stock.
🏢 What they do
Broadcom is a leader in AI infrastructure, designing custom AI chips, networking solutions and enterprise software through VMware.
📊 Fundamentals
• Revenue continues to reach new highs.
• EPS keeps growing.
• Strong free cash flow.
• Limited share dilution.
• The long-term business remains intact.
📈 Technical Thesis
Current average:
$363/share.
The stock is trading around the 38.2% Fibonacci retracement (~
$354), a level where buyers have already stepped in once.
If this support holds, I’ll be watching for a move toward the
$414–416 resistance area.
If the stock breaks below this level and my investment thesis remains unchanged, I’ll look to add to my position at lower prices, with
$297 as one of my next areas of interest.