Stewart Asset Management Team at Ingalls Investment Management, LLC on Broadcom Inc.
Thesis
Broadcom is one of Stewart's key semiconductor exposures to the artificial intelligence infrastructure buildout. The manager describes Broadcom alongside Nvidia as a supplier of the picks and shovels of AI because it designs advanced chips used in the expanding ecosystem. Stewart has owned the company for about three years and believes major industrial technology trends can create sustained growth in underlying business value even when share prices remain volatile.
“Nvidia, which we have owned for almost eight years, and Broadcom, which we have owned for about three years.”