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Broadcom (AVGO) faces one obvious headwind in having Nvidia (NVDA) as a main competitor, says Vance Howard, though he's "cautiously optimistic" in its growth story. He says the bullishness depends on the call with leadership and expectations for custom AI chip revenue outlook. Mike Binger adds that there's opportunity for Broadcom due to the stock's valuation compression while still bolstering impressive earnings growth.

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NVDA Earnings Raised Bar for AVGO, Stock Valuation Brings it Back Down

Schwab Network

NVDA Earnings Raised Bar for AVGO, Stock Valuation Brings it Back Down