$Broadcom(AVGO.US) absolutely crushed earnings

if hock is legit guiding to $30 of EPS by FY 28, on a 20x multiple this is a $600 stock for a company growing 50%+

even at a 15x multiple, this is a $450 stock

now imagine they do $40-$50 of EPS and we keep the same 15-20x multiple which feels pretty reasonable for 50% growth…we get into that $700-$1000 range

however, stock is flat because most of that growth will be because of OpenAI and Anthropic

ultimately much of the semiconductor optimism is still tied to those two companies continuing to spend, same for Nvidia and the hyperscalers

going to be important to see if $Broadcom(AVGO.US) Broadcom can actually generate meaningful revenues from those companies because right now it seems to be a levered bet on them which is also why the stock is discounted and has been flat all year

Source: amit