Broadcom Inc.
Investment Thesis
AVGO's 6.2% surge to $333.97 on expanded Google/Anthropic chip deals confirms accelerating AI infrastructure momentum, breaking through key resistance at $327.54 established in prior reports. The Anthropic revenue run rate explosion to $30B+ (from $9B in 2024) and multi-year supply agreements through 2031 validate AVGO's custom AI chip dominance, positioning the stock for continuation toward analyst $500 fair value targets as memory chip shortages amplify pricing power.
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