AVGO - Broadcom Inc.

Custom ASICs for hyperscalers will be prominent in next 5-7 years

Described as 'dirt cheap' and benefiting from multigenerational TPU deals, though Steven notes it could be impacted if capex spending slows.

Continue to do well, long-term agreements with Apple, OpenAI, Google.

Broadcom designs custom AI accelerators (ASICs) for hyperscalers like Google and Meta, and also provides networking silicon. It benefits from the AI race without needing to beat Nvidia.

Broadcom is mentioned as a partner with Meta for custom silicon and is trading over $400. The hosts view the company positively due to its role in AI infrastructure.

Mentioned as a big player in optics and CPO. Partnership with Apple for chips.

Positioned to benefit from hyperscalers building custom ASICs for AI as they seek to control costs and reduce reliance on external GPU providers

Custom AI chips (ASICs) for hyperscalers, partner with OpenAI, poised for growth as more companies design their own chips.

Egg-like pattern, dropped 25% and no demand at lower prices.

Steven holds a long position in Broadcom, prefers it over Micron due to better long-term earnings visibility from TPUs and custom chips. Acknowledges he was wrong to switch from MU to AVGO in the short term but maintains conviction.