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# Broadcom: VMWare Is Driving An Upgrade In Business Quality (Archive)
- URL: https://www.huntingalphas.com/broadcom-vmware-is-driving-an-upgrade-in-business-quality-archive-copy/
- Published: 2024-08-21T12:30:00.000Z
- Updated: 2026-02-27T13:11:32.000Z
- Description: VMWare’s software mix is structurally upgrading Broadcom’s margins, cash flows, and growth quality.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, AVGO, Tech

*This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.*

## Elevator Pitch

- Growth is healthy, both organically and inorganically. Upselling and an improved go-to-market strategy are leading to higher organic growth with great near-term revenue visibility.
- A revenue mix shift toward the software business makes a compelling case for margin expansion and a transition to a negative working capital profile.
- AVGO is valued at a small discount vs peers. Given growth and margin catalysts, I believe there is a case for margin expansion and a premium multiple.
- Relative technicals vs the S&P 500 point bullish, indicating a resumption of the alpha-generating trend.
- Apple and customer concentration is a key risk monitorable, although the acquisition of VMWare is likely to reduce the extent of this risk.

Read the full article [here](https://seekingalpha.com/article/4716152-broadcom-vmware-is-driving-an-upgrade-in-business-quality?ref=huntingalphas.com).

#### Disclosures and Disclaimers

**Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*