To The Moon

$Broadcom(AVGO)$  $Marvell Technology(MRVL)$ Did some of you actually listen to the conference call, or are you just making this bad call up? If NVDA, AMD, and Marvell posted strong earnings, then AVGO should do well too. The bear case here feels made up.

$Broadcom(AVGO)$ Still seems oddly depressed since the last earnings report. Hock Tan said "over $100 billion" instead of raising the floor even further, as if that figure wasn't already impressive on its own. Then it took another hit after the Marvell/Alphabet deal announcement, which really shouldn't have knocked 10% off Broadcom. From the recent closing price, it's now 25% below the all-time high of $495 reached on June 3rd, less than three months earlier.

$Broadcom(AVGO)$ Our revenue growth this quarter is literally going to be double of MRVL. MRVL had 15% growth while we are having 30%+, from 22.2 to nearly 30b. Imagine having twice their growth despite already being a much larger and matured company, and our operating and gross margins are far stronger too. MRVL is not even a threat, but crooks still managed to crash AVGO 10% on the Google news.

$Broadcom(AVGO)$ Big Tech's spending surge is expected to top $700 billion this year, mostly on AI, while Morgan Stanley puts next year's estimated spend at more than $1 trillion. A large chunk of that flows to Broadcom, which makes it a strong name to hold. I could see it reaching $500 by year-end.

$Broadcom(AVGO)$ Historically, Marvell's quality has never been on the same level as Broadcom. Even the employees. A few people who were laid off at Broadcom ended up at Marvell. I still hold 50 shares of Marvell and don't like to badmouth them. But there is such a thing as "cream of the crop." Know what you hold.

$Broadcom(AVGO)$ VM Explore kicks off next week, with over 20,000 attendees expected.

$Broadcom(AVGO)$ This stock is amusing to watch. It was at $351 earlier and then $370, up $19 on the day. Clearly it wants to run toward what it's actually worth, somewhere around $505, but market manipulators seem to be holding it back.

AI revenue jumped 143% and is expected to accelerate to 200%+ growth next quarter. OpenAI's new Jalapeño chip, built with Broadcom, is delivering industry-leading inference efficiency at gigawatt scale, with multi-generation deployment planned. Triple-digit AI growth and strong cash generation. Sellers look exhausted, and buyers have plenty of reasons to step in aggressively. I expect $Broadcom(AVGO)$  to reverse higher and move fast.

$ARM Holdings(ARM)$ Big $NVIDIA(NVDA)$  earnings along with the new $Apple(AAPL)$  move.

$Broadcom(AVGO)$ AVGO looks like an asymmetric frontier-AI play. Jensen has said frontier labs could become the largest tech companies in history, with profitable AI already driving compute demand, and AGI causing demand to inflect further. OpenAI and Anthropic alone imply roughly 16 GW of custom compute, with more than 20 GW in Broadcom-linked infrastructure plans. At around $356 today, the math goes like this: $32 EPS times 25 gets you $800; $40 gets $1,000; $47 gets $1,175; $53 gets $1,325. That is roughly 2.2x to 3.7x upside. The thesis is AGI leading to agents, then inference, then compute, then custom silicon, then AVGO.