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2026-07-16 06:30 • The Motley Fool Positive Axe Cap view: Selective AVGO AAPL META

Apple has committed over $30 billion to Broadcom through 2031 for chip production, with an expected 15 billion chips to be manufactured. While the annual revenue ($6 billion/year) is modest relative to Broadcom's total revenue, the deal significantly reduces customer concentration risk since Apple accounts for roughly 20% of Broadcom's revenue. Broadcom's AI chip segment is experiencing explosive growth with 143% year-over-year revenue increase and projected 200%+ growth in the upcoming quarter.

Axe note: Apple's $30bn chip order boosts Broadcom's growth and stability, with key implications for USD/ZAR and local tech exposure.