Discover and read the best of Twitter Threads about #broadcom
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.@Apple's announcement with @Broadcom serves multiple purposes, it builds a stronger relationship with an existing trusted supplier and it also helps strengthen Apple's US investment story, which will help it politically, especially leveraging #5G
apple.com/newsroom/2023/…
apple.com/newsroom/2023/…
Broadcom will build RF front-end components for Apple, in a multi-year multi-million dollar deal. This could cut out companies like @skyworksinc and @QorvoInc out of future RF front-end deals or significantly reduce their share since Apple likes to have supplier diversity.
Broadcom has long been a supplier to Apple for RF front-end components, even before Avago acquired Broadcom and went by it's old name. This partnership is actually quite established and it is unclear whether this release is a significant expansion of that relationship or not.
Analysis: #NASDAQ $AVGO
Case 319 #Broadcom Inc.
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
#AVGO 1/3
Case 319 #Broadcom Inc.
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
#AVGO 1/3
Chart 1
Weekly Chart: The huge declines seen in Feb-Mar 2020 found #support at the #Fib 0.50 & cluster bottom. The #SMA 200 and broken #trendline have been reclaimed. The all time high is in sight and we expect price to target 336.49 - close above targets 351.75-360.20.
AVGO 2/3
Weekly Chart: The huge declines seen in Feb-Mar 2020 found #support at the #Fib 0.50 & cluster bottom. The #SMA 200 and broken #trendline have been reclaimed. The all time high is in sight and we expect price to target 336.49 - close above targets 351.75-360.20.
AVGO 2/3
