$Broadcom(AVGO)$  as always the intense competition will pare down the field. Acquisitions and consolidation will occur to keep this run going.

Everyone and their moms want to be a player in the AI field, but is there really so much money and patience for all parties to succeed? I fear not, the overexuberance will only lead to the bubble growing and popping.

To keep the lights on and the bull run going, the market has to trim down the faat. The wasteful losers will have to go and those propped up by false hope (e.g. Oracle and their over-reliance on their friendliness with the US president). I think Broadcom can still work it out, but they have to shape up and choose their path forward carefully.