Broadcom (AVGO) in Carillon Eagle Growth & Income Fund 2024 Q1

Beneficiary of AI Growth and Strategic Acquisitions

Jun 27, 2025

Summary

Continues to benefit from generative AI advancements.
AI-related silicon sales comprise a significant portion of revenue.
Focus on integrating VMware acquisition.

Broadcom (AVGO, Financial) was featured in the Carillon Eagle Growth & Income Fund 2024 Q1 letter as a key beneficiary of the ongoing advancements in generative artificial intelligence (AI). The company's management highlighted that AI-related silicon now makes up a significant percentage of its semiconductor solution sales, underscoring its strategic positioning in the market. Additionally, Broadcom is focused on integrating its acquisition of VMware, which is expected to further enhance its growth prospects.

"Broadcom continues to trade higher as a beneficiary of generative artificial intelligence (AI). Management recently highlighted that AI-related silicon now comprises a significant percentage of all semiconductor solution sales. The company also is focused on integrating its acquisition of VMware." — Carillon Eagle Growth & Income Fund, Q1 2024 Fund Letter

Read full letter at gurufocus Carillon Eagle Growth & Income Fund 2024 Q1 page.

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