Broadcom: The Midterm Selloff Is A Gift

Broadcom Inc. remains a strong long-term Buy, with a fair value estimate of $430 per share versus the current ~$300 price. Anthropic's IPO filing reveals $161 billion in lease commitments to AVGO, with $63 billion in financing secured, underpinning robust future demand. AVGO's free cash flow reached $31.9 billion over nine months, with potential for higher dividends and buybacks pending December's capital allocation review.