Long-held skepticism that Broadcom is irreplaceable; questions sustainability of 60% margins vs NVIDIA's comparable margins.
Broadcom's claimed irreplaceability is questionable. 60% margin is not far from NVIDIA's. TPU v8i already succeeded (implies design alternatives exist). Margin sustainability in doubt.
@AdriBorLyon I’ve long been skeptical of the claim that Broadcom is irreplaceable.
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | -12.6% | -13.0% |
| 1 week | -22.4% | -18.5% |
| 1 month | -22.0% | -21.6% |
| 3 months | — | — |
| 6 months | — | — |