Do You Have Conviction in the Long-Term Growth of Broadcom Inc. (AVGO)?

In its third-quarter 2025 capitalist letter, Baron Technology Fund highlighted stocks specified arsenic Broadcom Inc. (NASDAQ:AVGO). Broadcom Inc. (NASDAQ:AVGO) is simply a starring exertion institution that designs and develops assorted semiconductor and infrastructure bundle solutions. The one-month instrumentality of Broadcom Inc. (NASDAQ:AVGO) was -2.04%, and its shares gained 95.31% of their worth implicit the past 52 weeks. On November 7, 2025, Broadcom Inc. (NASDAQ:AVGO) banal closed astatine $349.43 per share, with a marketplace capitalization of $1.65 trillion.

Baron Technology Fund stated the pursuing regarding Broadcom Inc. (NASDAQ:AVGO) successful its 3rd 4th 2025 capitalist letter:

"Broadcom Inc. (NASDAQ:AVGO) is simply a starring semiconductor and endeavor bundle company, generating astir 60% of gross from semiconductors and 40% from software. The institution is strategically positioned astatine the intersection of high-performance AI compute and networking infrastructure, portion besides demonstrating disciplined execution successful software. Broadcom has extended its enactment successful networking silicon from the unreality epoch into the AI epoch and is regarded arsenic the astir reliable silicon spouse for AI foundational exemplary builders designing customized chips to bid frontier models. Shares roseate during the 4th connected accelerating momentum successful Broadcom’s AI merchandise lines and beardown concern visibility into adjacent year. In its July quarter, Broadcom reported astir $16 cardinal successful full revenue, up 22%; $5.2 cardinal successful AI revenue, up 63%; and $6.8 cardinal successful bundle revenue, up 17%. Broadcom continued to show fantabulous profitability, with EBITDA margins implicit 67% and escaped currency travel margins astatine 44%. While Broadcom continues to execute with its cardinal customized AI accelerator customer, Google, it is connected way for measurement accumulation with 2 further customers (likely Meta and ByteDance), has secured a 4th lawsuit with orders worthy $10 cardinal adjacent year, and announced a 10 GW woody with a notable 5th customer, OpenAI. Beyond AI, Broadcom is advancing VMware integration, portion its non-AI semiconductor businesses look to beryllium bottoming and whitethorn gradually retrieve successful the coming quarters. We clasp our agelong word condemnation successful Broadcom’s presumption wrong the AI ecosystem."