I don't have any exposure in the chip industry but AVGO currently looks like a value play. I was thinking of DCA-ing down but id there a bear case for it? Is anyone else looking to buy in this period? Or should I wait for a bigger dips.
Heres a Analyst Note copy pasted from Morningstar research that has got me a little excited to DCA into it:
"Broadcom posted strong fiscal fourth-quarter results above guidance. Guidance for the January-quarter artificial intelligence revenue was impressive, highlighted by a new $11 billion AI chip order from Anthropic for the second half of 2026 and the announcement of a new custom AI chip customer for 2026."