A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AVGO.

Source: https://www.etfdailynews.com/2023/04/13/bdo-wealth-advisors-llc-buys-46-shares-of-broadcom-inc-nasdaqavgo/

AVGO stock has slipped lower more recently, but even as excitement over AI takes a breather, keep in mind that AI growth isn’t slowing down.

Source: https://investorplace.com/2023/09/3-blue-chip-stocks-to-watch-in-the-tradesmith-green-zone/

Coupled with CEO Hock Tan's commitment to driving free cash flow profitability and consistent dividend payouts, the market has also rewarded AVGO investors well despite the semi downturn.

Source: https://seekingalpha.com/article/4567252-schd-not-fearful-of-recession?source=feed_all_articles

Four out of ten of its top holdings, however, are semiconductor stocks like NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), and Advanced Micro Devices (AMD).

Source: https://www.etftrends.com/semiconductor-etfs-tale-two-tech-stories/

IMHO AVGO is fairly valued.

Source: https://seekingalpha.com/article/4657049-broadcom-ca-symantec-and-vmware-wont-turn-the-ship-around?source=feed_all_articles

Institutions hold a large % of AVGO stock (~80%), and they are strong (i.e. long-term) holders, so - as I pointed out below - the average daily volume (according to Yahoo Finance) is only 2.8 million shares.

Source: https://seekingalpha.com/article/4657569-broadcom-a-201-stock-split-is-quite-likely?source=feed_all_articles

I suggest looking at FCFF, given the strength with which AVGO generates this financial indicator.

Source: https://seekingalpha.com/article/4618495-broadcom-short-term-pain-long-term-gem?source=feed_all_articles

The same model gave me a fair valuation for the stock in July 2023, when AVGO was trading way lower than today.

Source: https://seekingalpha.com/article/4657720-broadcom-less-hype-more-sustainability?source=feed_all_articles