Is a Breakout in the Charts for Broadcom?

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The company has been gaining on continued strength in both its Semiconductor solutions and Infrastructure software segment. In particular, AVGO is seeing robust adoption of Wi-Fi 6 in access gateway and cable DOCSIS 3.1 products. The acceleration in 5G deployment and a production ramp up in radio frequency (RF) should drive growth going forward.

AVGO had $9.5 billion in cash as of the most recent reported quarter, compared with only $278 million. The company also has a gross margin of 59%, which is above the industry average. From a growth standpoint, sales have grown an average of 23.5% over the past five years. Plus, analysts forecast a 26.9% year over year rise in earnings in the current quarter.

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