Semiconductor and infrastructure software company supplying chips for networking, storage, and wireless.Yahoo Finance ↗broadcom.com ↗
2 takes · first discussed Jan 25, 2025
Every call, plotted at the price the day they made it.
Chamath flags Broadcom as a massively underappreciated trillion-dollar company built through disciplined M&A roll-ups, noting it receives almost none of the attention given to Nvidia or Meta despite comparable scale.
Thomas Lafont touts Broadcom as a 300x return story under Hock Tan, contrasting its 8x market-cap growth in five years with Intel's collapse, attributing the outperformance to superior M&A strategy and long-term thinking.
Both Chamath and guest Thomas Lafont are bullish on Broadcom, with Lafont expressing higher conviction. They agree that Broadcom is a vastly underappreciated company relative to its scale, built primarily through disciplined M&A roll-ups under CEO Hock Tan. Lafont emphasizes the extraordinary magnitude of the value creation — a 300x return from its origins as a doubly spun-out HP orphan valued at $3.5 billion — contrasting it with Intel's decline as evidence of superior strategic execution. Chamath echoes this, noting that despite reaching a $1–2 trillion market cap comparable to household names like Nvidia and Meta, Broadcom receives almost none of the same public attention.
Chamath flags Broadcom as a massively underappreciated trillion-dollar company built through disciplined M&A roll-ups, noting it receives almost none of the attention given to Nvidia or Meta despite comparable scale.
It is the only trillion-dollar company that nobody talks about. Everybody knows Nvidia, everybody knows Amazon, Meta, but Broadcom is a $1, $2 trillion business. And it started basically through a whole series of roll-ups.”1:45:17
Thomas Lafont touts Broadcom as a 300x return story under Hock Tan, contrasting its 8x market-cap growth in five years with Intel's collapse, attributing the outperformance to superior M&A strategy and long-term thinking.
It was $3.5 billion, Chamath… not only was it an orphan because it was a spin-out of HP, it was a spinout of a spinout of HP. It was a double orphan. 300x.”1:46:36