Broadcom Stock: The Backlog Fortress - Operating Leverage Decoupling (NASDAQ:AVGO)
My investment argument assigns Broadcom Inc. ( AVGO ) a Buy rating based on its progressive 2-engine business model. One engine is the accelerating commercialization of XPUs, and the second is the VMware backlog. The reasoning comes fromAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensat ...