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AVGO
Market Watch
6 hrs

Worried about Nvidia’s stock? This analyst has a $2 trillion reason to remain calm.

1. AVGO expects $10 billion revenue from new AI custom chip customer. 2. Broadcom's AI chip revenue may grow by 100% in two years. 3. Melius analysts predict Broadcom can capture 20% of AI market by 2030. 4. OpenAI, a potential AVGO customer, plans to spend $115 billion by 2029. 5. Increased competition leads to reduced Nvidia price target, indicating market shifts.

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FAQ

Why Bullish?

AVGO's anticipated revenue increase and market share expansion reflect strong growth potential. Historical examples show significant benefits for tech firms gaining custom chip clients.

How important is it?

The article highlights AVGO's strategic position and revenue potential, suggesting significant market impact.

Why Long Term?

The projected $2 trillion market growth for AI offers lasting opportunities, similar to past market expansions in tech.

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