Broadcom (AVGO) in Carillon Eagle Growth & Income Fund 2024 Q2

Benefiting from AI Spending and Strategic Stock Split

Jun 27, 2025

Summary

Strong revenue performance and raised guidance.
Key beneficiary of accelerating AI spending.
Announced a significant stock split to enhance liquidity.
Positioned to capitalize on the growing demand for AI technologies.

In the Carillon Eagle Growth & Income Fund 2024 Q2 letter, Broadcom (AVGO, Financial) was highlighted for its impressive revenue performance and strategic initiatives. The company is a key beneficiary of the accelerating AI spending trend, which has bolstered its financial outlook and led to an upward revision of its guidance. Additionally, Broadcom announced a significant stock split, aimed at enhancing the liquidity of its shares.

"Broadcom reported better than expected revenues and raised guidance. The company is a key beneficiary of AI spending, which continues to accelerate, and announced an unusually large stock split." — Carillon Eagle Growth & Income Fund, Q2 2024 Fund Letter

Read full letter at gurufocus Carillon Eagle Growth & Income Fund 2024 Q2 page.

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