Broadcom

Looking through the latest earnings repot and it just confirms everything we all fear - Broadcom is actually achieving success in artificial intelligence, or at least a version of it that investors are buying into. The stock is surging over 9%, adding a whopping $135 billion dollars in market cap. That's like adding a whole AMD, overnight. They're taking a huge chunk of the AI pie with their custom ASIC accelerators. There's a rumor that OpenAI is a new customer, and they love nothing more than setting cash on fire in capital expenditures. On top of that Broadcom is rolling out hardware on a next-generation 2nm node process, which is a generation ahead of what Nvidia is using. This is possible because Broadcom outbid Nvidia and everybody else to be first, giving them a real competitive advantage. While I wouldn't expect to see Broadcom overtake Nvidia in the near future, it definitely belongs in the Magnificent 7, much more so than trash like Tesla.

It’s pathetic to watch a company make a bunch of money off of something that’s going to make humans useless. All these idiot nerds cheering for their stocks don't get that they're investing in their own demise. People should be furious about this.

Earnings day is coming up, probably on the 3rd or 4th. Looking for EPS of $1.35 on $16billion in revenue. Really want to know what the new revenue share looks like, whether it's primarily coming from jacking up VMware prices, or if there's anything in the AI sector this time around.