vmware integration going better than expected. cost cuts are real. plus they are the picks and shovels for custom ai silicon. google and meta both use broadcom for asics

dividend yield under 1.5% after the run. vmware added a lot of debt. great company but priced for perfection

VMware integration is going better than expected. They are cutting costs aggressively and the margin expansion is real. Broadcom is the best run semiconductor company in the world.

Custom AI silicon for Google and Meta is a huge business. Broadcom is the picks and shovels play for AI even if you don't want to bet on NVDA directly.

Dividend yield under 1.5% after the runup. The VMware acquisition added a lot of debt. Great company but the valuation reflects perfection.