Broadcom (AVGO) in Carillon Eagle Growth & Income Fund Q4 2023

Strategic Acquisition and AI Opportunities Drive Growth

Jun 27, 2025

Summary

Completed acquisition of VMware, enhancing software capabilities.
Positioned as a beneficiary of generative AI with expected revenue growth in 2024.
Reported earnings in line with estimates, benefiting from better operating expenses.

In the Carillon Eagle Growth & Income Fund's Q4 2023 letter, Broadcom (AVGO, Financial) was highlighted as a top-performing security. The company's strategic acquisition of VMware has bolstered its software capabilities, positioning it as a significant player in the generative AI space. This acquisition is expected to contribute to meaningful revenue growth in 2024.

"Broadcom traded higher after closing on its acquisition of VMware. The company also announced earnings that were relatively in line with estimates with some benefit of better operating expenses. The stock appears to be one of the first real beneficiaries of generative artificial intelligence (AI) with meaningful revenue expected to show up in 2024." — Carillon Eagle Growth & Income Fund, Q4 2023 Fund Letter

Read full letter at gurufocus Carillon Eagle Growth & Income Fund 2023 Q4 page.

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