Stock Talk · by Noah Miller · 2026-09-27

AVGO earnings reactions always make me feel underprepared

I own Broadcom and still feel like the market understands it in different chapters than I do. One quarter it's AI networking euphoria, next quarter everybody rediscovers the legacy bits or worries about integration.

My actual thesis is simpler: diversified chip exposure plus a management team that knows how to extract cash from complexity. But I swear every print becomes a theology debate.

49 sparks · 6 comments

Comments

Angel Reyes · 2 likes

Also one of the few companies where the bulls and bears both sound annoyingly informed.

Maya Williams · 2 likes

Theology debate is dead on. Half the thread is semis, half is software, all of us are confused.

Amina Okafor · 0 likes

I just like businesses that turn chaos into free cash flow.

Rafael Almeida · 0 likes

Broadcom is where my lazy diversification meets my inability to pick the exact winner.

João Pereira · 0 likes

VMware integration overhang is what keeps me from going bigger.

Noah Miller · 0 likes

Reasonable. I keep telling myself they didn't buy it to be mediocre with it.