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Here's My Biggest Worry About Broadcom Stock. It Isn't Enough to Stop Me From Buying.
When I last wrote about Broadcom (NASDAQ:AVGO), I said I'd buy the stock at its Nov. 5 closing price of $291.53. Shares have bounced quickly since. At around $329 as of this writing, they're about 13% higher, but still about 32% under their record close on June 2.
A higher price is a good reason to look more closely at what could go wrong. And for me, one risk stands above the rest. In its last quarterly filing, Broadcom estimated that its five largest end customers accounted for about 55% of its revenue.
Missed AI's "Act 1"? Act 2 Could Be 16x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
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