Broadcom and Lam Research ride AI momentum
The guest argued that Broadcom and Lam Research remain high-conviction semiconductor holdings due to structural leadership in custom silicon and chip manufacturing equipment.
The argument
The speakers framed these stocks as 'objects in motion' that continue to benefit from massive hyperscaler capital expenditure. Broadcom is projected to achieve 60% revenue growth this year, while Lam Research maintains a near-monopoly on essential chip manufacturing equipment.
The thesis, stress-tested
✓ What validates it
- ✓Broadcom meeting or exceeding its 60% revenue growth target for the fiscal year
- ✓Continued sequential growth in wafer fabrication equipment spending benefiting Lam Research
▸ Risks discussed
- ▸High valuations following massive run-ups over the past year
- ▸Potential deceleration in hyperscaler capital expenditure
Hear it yourself
"Like, you know, it's 35%, the grade eight, you know, Broadcom plus the other seven. It's probably 60% in AI ETF, semi ETF. I mean, if you take, like, GVEDOVA and VISTA and Constellation and, and It's all AI."
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