To supplement your investment in Broadcom, I encourage buying market leader Intel (NASDAQ: INTC). As any observe will tell you, the stock has been hammered in the recent months--it has fallen 29.5% from the 52-week high. But Standpoint Research, in their recent research report, expressed that they are bullish on the stock, and so am I. The PEG ratio is now well below 1x at 0.83x, and EPS growth is forecasted for a 10.6% rate over the next 5 years. Needless to say, multiples this low cannot be sustained in the long-term.
Furthermore, Intel has made inroads in key growth markets. The company's next-generation Bay Trail tablet CPU will use 22nm manufacturing to run an Intel HD 4000 GPU. This will showcase the company's abilities and help to gain market acceptance. Until then, the downside is relatively limited from a 4.4% dividend yield and an excellent balance sheet.