Broadcom Inc

AVGO: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$556.00	Gvdzk	Bkglhbrr

Broadcom’s Wide Moat Stems From Its Diversified Portfolio of Profitable Tech Businesses

William Kerwin

Jul 6, 2023

Business Strategy and Outlook

Broadcom is an amalgamation of high-value chip and software businesses that on the whole are differentiated and moaty, in our view. Broadcom is a terrific aggregator of smaller firms. Its ability to acquire and streamline generates strong profits and cash flow, and fuels its robust dividend. We laud the firm for its execution and operating efficiency, which build upon its large organic investment and help it to outperform its end markets organically.

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