🌟🌟🌟I believe that $Broadcom(AVGO.US)will close down 3% to 8% to USD 352. This correction is not because Broadcom is a failing tech stock. It is simply the cold mechanical reality of a brutal macroeconomic crosscurrent with the Iran war possibly escalating with fresh attacks by the US.
Broadcom is in fact a great tech stock as it operates a high margin, custom silicon monopoly that captures 54% of its revenue directly from the physical backbone of the global AI infrastructure buildout. Broadcom powers 99% of global internet traffic and has a multi billion dollar backlog that competitors can only dream of.
This downturn is a gift for disciplined long term investors of Broadcom who can buy and hold long term.
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