Broadcom (AVGO)

Very good exposure to A.I. (GPU for generative models).
Expecting demand for GPU's to grow.
Also sells network equipment to power GPUs.
Excellent company with lower valuation that competitors like NVIDIA.
Has M&A opportunities in pipeline.

A core position. Well diversified. Mostly semiconductor, but also a slow-growing infrastructure software business. Will benefit from AI. Conservative management, estimating AI-related revenues will grow to 25% next year from 10% in 2022. Makes custom chips, multi-billion partnerships. Network chips tap into growth of AI. Yield is 2.11%.

She doesn't own any semis, but likes AVGO, because it took a long time to come back and is starting to break out. Its PE isn't as high as Nvidia's, but much cheaper.

So what if semis have soared 44% this year? AVGO offers consistent, reliable earnings, has a diversified model, has relationships with Alphabet and Apple and is growing at a reasonable price.

Will benefit from the AI rally though it may be early to see this increase. They report next week. Likes it.

Stock's done spectacularly well. CEO has done wonders. Acquisitions have worked out, a couple more are pending approval. Cheap at 16x earnings. Stock's popped on latest AAPL news. Remains a core holding.

Very fairly priced. Wait until they report. Last earnings report EPS was $10.45, beat on top and bottom and gave better guidance. Wait until the $600 level, and try for $575.