Apple and Broadcom have announced a renewed chip supply agreement through 2031. The agreement exceeds $30 billion in chips to Apple and includes wireless products like Broadcom's FBAR filters as well as custom chips, likely for artificial intelligence.
Broadcom is best-of-breed in custom AI accelerators, boasting the largest customer in Google and layering new customers in like Anthropic and OpenAI. Rising AI spending portends immense growth.
Broadcom’s chip business bears significant customer concentration, with a small handful of large AI customers driving the bulk of revenue and future growth.
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Metric
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AVGO
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AMD
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MRVL
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|---|---|---|---|
Price/Earnings (Normalized) | 48.34 | 89.30 | 73.28 |
Price/Book Value | 21.22 | 12.49 | 10.94 |
Price/Sales | 25.41 | 20.54 | 22.26 |
Price/Cash Flow | 44.04 | 72.02 | 63.98 |
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Metric
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AVGO
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AMD
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MRVL
|
|---|---|---|---|
Quick Ratio | 1.93 | 1.69 | 2.51 |
Current Ratio | 2.24 | 2.61 | 3.28 |
Interest Coverage | 10.58 | 50.86 | 3.36 |
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Metric
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AVGO
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AMD
|
MRVL
|
|---|---|---|---|
Return on Assets (Normalized) | 23.74% | 10.30% | 11.86% |
Return on Equity (Normalized) | 51.54% | 12.83% | 18.03% |
Return on Invested Capital (Normalized) | 29.94% | 11.99% | 6.79% |
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1-Day Chart
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Name
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Price
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Morningstar Rating for Stocks
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Capital Allocation
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Economic Moat
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Market Cap
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|---|---|---|---|---|---|---|
| NVIDIA Corp
NVDA
| LOCK|!XM<$Js@ | LOCK|mt$ | $5T | |||
| Taiwan Semiconductor Manufacturing Co Ltd ADR
TSM
| LOCK|Fl&x@T< | LOCK|?$< | $2T | |||
| Micron Technology Inc
MU
| LOCK|!>VB>? | LOCK|PC | $1T | |||
| Advanced Micro Devices Inc
AMD
| LOCK|vHM<slpY | LOCK|V#Qd | $840B | |||
| SK hynix Inc ADR
SKHY
| LOCK|n>!s$?w | LOCK|rG# | $823B | |||
| Intel Corp
INTC
| LOCK|Q@yN&hX | LOCK|@! | $542B | |||
| ARM Holdings PLC ADR
ARM
| LOCK|Nf>!!<# | LOCK|WT% | $298B | |||
| Texas Instruments Inc
TXN
| LOCK|$?!#<^v | LOCK|QL | $255B | |||
| Marvell Technology Inc
MRVL
| LOCK|xHS^p$m | LOCK|<<Q^ | $199B |
United States