Broadcom’s AI Pivot: Why OpenAI’s Custom Chips Make AVGO a Tactical Long vs. Nvidia
Broadcom is shifting from back-end supplier to front-line AI infrastructure partner as customers like OpenAI pursue custom chips. The stock trades at roughly $1.9T market cap with a P/E near 65 and $32.8B in free cash flow, leaving room for multiple expansion if AI design wins scale. This trade idea advocates a long position with an entry at $401.9…