Our Top Chip Stock Buy September 2024 – More AI Progress At Broadcom (AVGO Stock)

Chip Stock Investor discusses its top buy "AI chip stock" buy for September 2024. With fresh Broadcom (AVGO stock) financials in hand, Nick and Kasey discuss what the company does, and why it's growing importance in the global economy makes it a buy for their portfolio.

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Affiliate links that are sprinkled in throughout this video. If something catches your eye and you decide to buy it, we might earn a little coffee money. Thanks for helping us (Kasey) fuel our caffeine addiction!

Content in this video is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal.

Chapters:
00:00 Broadcom's Business Overview
03:05 Q3 Earnings Breakdown
04:22 Broadcom vs. Marvell: A Comparison
06:09 Broadcom's Market Segments
10:11 VMware Acquisition and Software Segment
16:00 Valuation and Investment Strategy
18:43 Conclusion and Final Thoughts

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Nick and Kasey own shares of Broadcom

[austinitel.]

I used to be a Broadcom employee and attended many coffee talks with Hock. He is a straightforward, no nonsense and direct person. I have full faith in his leadership!

[joelmiradora]

Bought Broadcom since I learned what they do from this channel few yrs ago. Added to my ROTH IRA stocks

[shosansah]

i was on the conf call. Hock was pretty clear (& confident) that custom ASIC is going to take over general purpose GPU. He was hinting at nvda & amd that how they replace general purpose CPU with GPU, they will get replaced by broadcom custom asic. He is ready to fight GPU with the help of hyperscalers.

[STOCKmarket-fofh]

During sell- off buy Ai related stock, NVDA, AMD, AVGO,

[brianh]

I'm buying on the dip, held before the run up and split. 😊

[Capt.daveGe]

Nice juicy buying opportunity on tmdx the past few days. Wonderful company doing fantastic things with vision and execution. Loaded up at 70 and still adding on dips.

[jr]

A big thank you for the valuable insights 🙏😊 A suggestion: Is it possible to devote a small panel or table on the right side of the screen that lists all the sections of the video and as each section is being covered, the row is highlighted in a different color. It helps to elevate the viewing experience. Thank you❤

[julielaw]

I needed this positive analysis after Broadcom took a dive yesterday. You guys are so fetch! 😂 Thank you!

[alexkoch]

"If you want to see Kasey’s latest meme/rant against Wall Street earnings call cliches, you’ll have to watch the video that accompanies these show notes"
Totally worth it

[RobertHammesfahr-bk]

Many thanks. Appreciate the quick and thorough review..

[markflour]

Love the meaty research shared! Thank you

[shannonoliver]

Great update and deep dive! It's hard not to love AVGO. My only regret is not buying earlier, skeletons in the closet and all. You two are approaching 100, 000!!!! subscribers. Congrats!! I'm excited to celebrate that milestone. You were hoping to cross 10, 000 subscribers this time last year. You're well on your way to a million subscribers before the bull market concludes.🥳🥳🥳 Jensen's team will be reaching out to you soon enough.

[hafeld]

Once again you both offer detailed analysis. What was the name of that small cap stock you are starting a position in? Have you already done a video on it?

[brutebiz]

I haven't really looked at NVDA or AVGO post-split. I invested in both, (and TSM) a couple of years ago. But, definitely have all three companies on my watch list and may add to my positions if the market continues to pullback.

[stephenhaynes]

will tech return anytime soon ....? been buying the dip but well its dipping more a lot more....🤨

[torbenheikelvinther]

I had you at double-click and add colors 😂

[nycesports]

why not own both lol. I see more upside for MVRL

[Walker]

dont avgo issue alot of shares as well as issue debt?

[MugenLedruide]

Awesome content like always. Thanks a lot 💸

[STOCKmarket-fofh]

Do you think AVGO stable stock than NVDA?