Tesla is mentioned as one of the two Magnificent Seven companies, along with Apple, that the creator has not been bullish on for 2026.
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Huge News for Broadcom Stock and Apple Stock Investors! | AVGO Stock Analysis | AAPL Stock Analysis
Jul 8, 2026
Parkev Tatevosian, CFA, discusses a new partnership between Broadcom and Apple extending to 2031, where Broadcom will develop custom ASIC chips for Apple. He updates his fair value calculations and ratings for both companies, rating Apple as a hold due to its rich valuation and Broadcom as a buy, considering it a bargain at its current price.
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Taiwan Semiconductor Manufacturing Company (TSMC) is highlighted as the likely manufacturer of Broadcom's custom chips for Apple, and its prioritization might shift towards Nvidia due to higher spending and growth from large language model providers.
Intel is mentioned as a provider of off-the-shelf chips that large tech companies like Apple and Alphabet are increasingly looking to replace with custom-designed solutions.
AMD is mentioned as a provider of off-the-shelf chips that large tech companies like Apple and Alphabet are increasingly looking to replace with custom-designed solutions.
Nvidia is mentioned as a company that large tech firms like Apple and Alphabet are increasingly competing with by developing their own custom chips, and that Nvidia's spending growth might be prioritized by TSMC over Apple's.
Parkev Tatevosian, CFA, rates Apple stock as a hold, finding its valuation a little rich at over $300 per share with a calculated fair value of $205, and would prefer a 20% pullback before upgrading.
Parkev Tatevosian, CFA, believes Broadcom stock at $276 per share is a bargain, with a fair value calculated at $506, and has bought shares for his portfolio.
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